Shares of Sierra Wireless, Inc. (USA) SWIR were trading down about 4.1 percent on Friday’s after-hours session, in what looked like a correction of the 4.54 percent surge the stock experienced over the day.
Similar was the case of Methanex Corporation (USA) MEOH, down more than 4 percent since the bell rang, after having gained 4.26 percent over the regular trading session. The surge seen during the day was driven by Raymond James’ upgrade of the sotck from Market Perform to Outperform. The firm also raised its price target from $32.00 to $40.00.
Icahn Enterprises LP IEP rose 1.49 percent during the day, and continued to surge, an extra 2.5 percent in after-hours, probably helped by the the increase in oil prices and the surge in the markets.
Cenovus Energy Inc (USA) CVE gave up most of the gains registered over the day. After a 5.29 percent surge, the stock lost 5.26 percent in after-hours. The rise seen during the day was driven by a surge in oil prices and the addition of the company’s stock to Goldman Sachs’ "Americas Conviction List."
Other stocks moving in Friday’s after-hours session included:
- Oclaro, Inc. OCLR, up 2.1 percent
-
Zynga Inc ZNGA, up 1.35 percent
- Newcastle Investment Corp. NCT, down 4.7 percent
- Manitowoc Foodservice Inc MFS, up 4.3 percent
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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