Advanced Micro Devices, GoPro Among After-Hours Losers On Monday
With the benchmark NASDAQ Composite (NASDAQ: IXIC) falling Monday to 8.6 percent below its high of last month, a number of its higher-profile components notably underperformed Monday in the extended session on little discernible news.
Advanced Micro Devices Inc. (NYSE: AMD) plunged 18 percent in the extended session. It recovered and recently changed hands at $2.66 per share (down 2.9 percent), after closing Monday little changed.
Advanced is slated to post earnings Thursday, a week after Chief Executive Chief Executive Rory Read quit.
GoPro Inc. (NASDAQ: GPRO) dropped nearly 10 percent in Monday's session to $76.67 a share, falling a further 4.7 percent after hours.
GoPro's decline came amid reports that Michael Schumacher, a former race car driver, sustained brain injuries wearing the company's camera while skiing last year season in France.
Tesla Motors Inc (NASDAQ: TSLA) lost 5 percent at closing and continued to falter by 2 percent in the extended session. The shares are off more than 20 percent from their peak last month.
Twitter Inc (NYSE: TWTR) closed down Monday nearly 4 percent at $48.49, falling a further 3 percent in the extended session recently. The shares are down nearly 10 percent in the past week, which included the departure of a high-profile news executive.
Google Inc (NASDAQ: GOOGL) closed down nearly 2 percent and was off a further 2.7 percent after hours Monday, even as rumors suggested the unveiling of its Nexus 6 smartphone may happen later this week.
Dennis Dick, host of Benzinga's #PreMarket Prep and Proprietary Trader at Las Vegas-based Bright Trading LLC., said Advanced Micro, Twitter and Google "all had serious institutional selling pressure" Monday.
Dick said Advanced Micro "dropped nearly 20% after hours" and after hours selling was relentless."
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