Why Xactly, Du Pont, Dow Chemical, Micron & Vale Are Moving After-Hours

Xactly Corp XTLY was trading down about 5.2 percent in Friday’s after-hours session, in what seemed like a correction of the 10.21 percent gains registered during the day. The stock rose after the company posted an earnings and revenue beat for its fourth quarter on Thursday. Xactly reported a net loss of $(0.15) per share, $0.01 above the Street’s consensus, on revenue of $20.7 million.

E I Du Pont De Nemours And Co DD was trading up roughly 5.5 percent, continuing with the 2.05 percent surge seen during the regular session. The after-hours surge seems to have been triggered by a Bloomberg report that said BASF SE (ADR) BASFY is considering a rival takeover bid for the chemicals company, which has already agreed to merge with Dow Chemical Co DOW. Shares of Dow Chemical were trading up about 0.8 percent in Friday’s after-hours session.

Micron Technology, Inc. MU rose about 2 percent after the bell rang, even though Pacific Crest Securities trimmed its notebook unit-shipment estimates for February, and Micron is considerably exposed to this market.

Finally, there’s Vale SA (ADR) VALE, which gained 6.57 percent over the regular session, and continued to surge about 7 percent after the market closed, marking the largest weekly rally in mining stocks since 2008. According to Bloomberg, “The BI Metals Mining and Steel Aggregate Index of 47 producers rose 18 percent this week.” Shares of Vale posted a surge of over 62 percent this week.

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