Benzinga's After Hours Decliners (MGM, LTC)

A couple of notable stocks are moving lower on heavy volume in Tuesday's after hours trading session. MGM Resorts

lowered its forward looking guidance and the shares have fallen 5.36% to $12.88. The company now sees a loss of $0.72 per share. MGM will also be selling more than $500 million in stock and said its founder and biggest shareholder, ninety-three year old Kirk Kerkorian, will be reducing his stake in the company. Linear Technology

released its quarterly earnings results, missing Wall Street estimates. The company reported earnings per share of $0.61 versus analysts' consensus of $0.62. The shares have fallen 3.45% to $30.47 in after hours trading.