Market Overview

Keep An Eye On These 6 Stocks Monday Morning

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Shares of Rayonier Advanced Materials Inc (NYSE: RYAM) surged 5.88 percent on Friday, but were down almost 2.5 percent in after hours as the company prepares to realign its asset base with an investment of $25 million, which is expected to cut costs by roughly $14 million per year.

Immunomedics, Inc. (NASDAQ: IMMU) tumbled 2.84 percent during the day, following a few downgrades from firms including Jefferies and Zacks. The demotions came after the company issued disappointing results for Epratuzumab trials.

However, after the bell, shares rose almost 3 percent to $2.11.

On Thursday, Mobileiron Inc (NASDAQ: MOBL) reported a net loss of ($0.25) per share on revenue of $34.76 million, toping the Street’s expectations for a net loss of ($0.26) per share on sales of $33.76 million. In spite of the beat, the stock fell 5.95 percent during the day.

On Friday, however, shares recuperated, surging 13.04 percent before the bell. After the bell, lost more than 4 percent, before recovering the lost ground, returning to flat territory.

Shares of Steel Dynamics, Inc. (NASDAQ: STLD) were also recuperating after hours. After falling 1.86 percent Friday, possibly on an insider sale, shares were up 1.16 percent after hours.

BlackBerry Ltd (NASDAQ: BBRY) was up almost 1 percent, possibly on the news that T-Mobile US Inc (NYSE: TMUS) trimmed the price of the BlackBerry Classic by $70.00, to $369.99..

On the other hand, shares of T-Mobile were down almost 1 percent, after gaining 4.63 percent during the day.

Posted-In: BlackBerry Classic Jefferies ZacksAfter-Hours Center Movers

 

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