Four Stocks Moving On Wednesday's After-Hours

Shares of Cal-Maine Foods Inc CALM were trading down more than 3.8 percent on Wednesday’s after-hours session, following the announcement of the company’s second quarter –fiscal 2016- financial results. The small cap U.S. producer and marketer of shell eggs reported earnings of $2.26 per share on revenue of $545.98 million, missing the Street’s consensus estimate of $2.28 per share and $561.3 million. Despite the miss, investors should notice that the earnings of $2.26 per share imply a 197 percent increase from the earnings of $0.76 per share reported in the same quarter las year.

Another big loser of the afternoon was Revance Therapeutics Inc RVNC, down more than 4.5 percent since the bell rang. Strangely, the small cap clinical-stage specialty biopharmaceutical company’s stock’s decline was triggered by the announcement of “Positive Phase 2 Results for RT001 Botulinum Toxin Type A Topical Gel to Treat Axillary Hyperhidrosis” (Globe Newswire).

On the other hand, shares of American Campus Communities, Inc. ACC, a smid cap REIT, were up almost 4 percent since the market closed, although –apparently- no particular news put the surge in motion.

Also on the rise was ArcelorMittal SA (ADR) MT, up over 2.2 percent in after-hours trading. The surge seemed like a continuation of the 8.89 percent gain the stock experienced over the day, which was in turn driven by news about the U.S. Department of Commerce’s plans to start taxing imports of corrosion-resistant steel from China – a policy that would clearly benefit U.S. steelmakers.

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