The Biggest Movers On Friday's After-Hours

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Shares of Cosan Limited(USA) CZZ were trading down more than 7 percent on Friday’s after-hours session, on what seems to be no particular news. The decline actually looks like a correction of the 11.65 percent surge the stock experienced over the day, even though Bank of America downgraded the shares from Buy to Neutral, while reducing its price target from $8.40 to $3.60.

The largest after-hours decliner in the Nasdaq was Codexis, Inc. CDXS, down more than 4 percent since the bell rang, in a move that also looked like a correction of the 4.1 percent rise the stock saw during the regular trading session. The gains were likely driven by H.C. Wainwright’s initiation on the stock. The firm issued a Buy rating and a $6.00 price target on the shares.

On the other hand, the biggest gainer was Synaptics, Incorporated SYNA, up about 2.3 percent since the market closed, even though, earlier on Friday, Needham downgraded its rating on the stock from Strong Buy to Buy.

Finally, the biggest spike in the NYSE’s after-hours session was the one seen at Chicago Bridge & Iron Company N.V. CBI, which gained more than 3.2 percent since the bell rang, adding to the 2.89 percent surge registered over the day, even though Jim Cramer recently recommended staying away from the stock as the company is too related to fossil fuels.

 

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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Posted In: After-Hours CenterMovers
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