Shares of Rayonier Advanced Materials Inc RYAM surged 5.88 percent on Friday, but were down almost 2.5 percent in after hours as the company prepares to realign its asset base with an investment of $25 million, which is expected to cut costs by roughly $14 million per year.
Immunomedics, Inc. IMMU tumbled 2.84 percent during the day, following a few downgrades from firms including Jefferies and Zacks. The demotions came after the company issued disappointing results for Epratuzumab trials.
However, after the bell, shares rose almost 3 percent to $2.11.
On Thursday, Mobileiron Inc MOBL reported a net loss of ($0.25) per share on revenue of $34.76 million, toping the Street’s expectations for a net loss of ($0.26) per share on sales of $33.76 million. In spite of the beat, the stock fell 5.95 percent during the day.
On Friday, however, shares recuperated, surging 13.04 percent before the bell. After the bell, lost more than 4 percent, before recovering the lost ground, returning to flat territory.
Shares of Steel Dynamics, Inc. STLD were also recuperating after hours. After falling 1.86 percent Friday, possibly on an insider sale, shares were up 1.16 percent after hours.
BlackBerry Ltd BBRY was up almost 1 percent, possibly on the news that T-Mobile US Inc TMUS trimmed the price of the BlackBerry Classic by $70.00, to $369.99..
On the other hand, shares of T-Mobile were down almost 1 percent, after gaining 4.63 percent during the day.
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