Market Overview

4 Mega-Movers To Watch Next Week

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Here are four movers investors should keep an eye on to start next week.

Shares of Novatel Wireless Inc (NASDAQ: MIFI), which surged 6.79 percent on Friday after the company reported its second quarter financial results on Thursday evening, were down roughly 12 percent in Friday’s after-hours on no apparent news. The stock still closed above Friday's opening price.

Another name that rose during the day (5.47 percent) and is falling since the bell rang is Pershing Gold Corp (NASDAQ: PGLC). The shares are down more than 7.7 percent in after-hours, trading at $4.62, below the opening price of $4.93.

The largest gainer in the New York Stock Exchange during Friday’s after-hours session is SouFun Holdings Ltd (NYSE: SFUN), the Chinese mid-cap real estate Internet portal operator. After falling 5.67 during the day despite having reported an earnings beat, the stock is up more than 6.5 percent in after-hours.

One potential reason? A new Nomura Securities report assures property sales in the Asian country could peak this year, before stabilizing at a level slightly below that of the previous year.

Finally, there’s Aquinox Pharmaceuticals Inc (NASDAQ: AQXP), Friday’s superstar. After surging 482.12 percent during the day, following the announcement of the company’s second quarter financial results (well above the Street’s expectations), the Canadian pharmaceutical company’s stock is up almost 7.5 percent in after-hours, trading at $11.20.

The open price on Friday was barely above $2.40.

 

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Posted-In: After-Hours Center Movers