Market Overview

6 Stocks Moving In Tuesday's After-Hours Session

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Shares of Sonic Corporation (NASDAQ: SONC) were trading up 2.9 percent in Tuesday's after-hours session, following the announcement of the company's first quarter financial results. The small-cap drive-in restaurants operator reported earnings of $0.24 per share on revenue of $145.8 million, in line with the Street's consensus estimate of $0.24 per share and $145.02 million.

EP Energy Corp (NYSE: EPE) was up more than 4 percent after the bell rang, recuperating ground lost during the day. The shares tumbled 3.97 percent during the regular session after analysts at Citigroup trimmed their price target on the stock from $6.00 to $5.50.

Conatus Pharmaceuticals Inc (NASDAQ: CNAT) was up more than 18 percent after announcing that "the three-month, double-blind, placebo-controlled stage of the company’s multicenter Phase 2 Liver Cirrhosis clinical trial showed a statistically significant reduction in caspase-cleaved cytokeratin 18 (cCK18) vs. placebo (p=0.04) in the overall patient population when adjusted for differences between treatment and placebo groups in baseline Model for End-stage Liver Disease (MELD) score and disease etiology as specified in the trial statistical analysis plan."

Some stocks falling on Tuesday afternoon were:

  • SAGE Therapeutics Inc (NASDAQ: SAGE), down more than 4.4 percent on the announcement of a proposed public offering of common stock.
  • Cempra Inc (NASDAQ: CEMP), down almost 6 percent on the announcement of proposed public offering of $175 million of common stock.
  • Pioneer Natural Resources (NYSE: PXD), down 3.3 percent on the announcement of a public offering of 10.5 million shares of its common stock and higher than expected production of crude oil and natural gas for the fourth quarter.

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

Posted-In: Earnings News After-Hours Center Movers

 

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