Why These Stocks Are Moving On Friday's After-Hours Session

Shares of Crossroads Systems Inc CRDS were trading up 1.57 percent on Friday’s after-hours session, following the announcement of a few decisions in IPR challenges. According to a press release, “the Patent Trial and Appeal Board ("PTAB") of the United States Patent and Trademark Office issued five decisions in the inter partes review proceedings ("IPR") initiated against two of Crossroads' patents (U.S. Patent Nos. 6,425,035 and 7,051,147) related to technology Crossroads considers fundamental to secure and efficient access to network storage systems.”

“IPR 2014-01197 and IPR 2014-01226 challenged the validity of the '035 patent in response to Crossroads' lawsuits alleging patent infringement.  While the decision in IPR 2014-01197 confirmed the validity of all patent claims subject to that IPR, the decision in IPR 2014-01226 stated such claims are unpatentable. IPR 2014-01207, IPR 2014-01209 and IPR 2014-01544 challenged the validity of the '147 patent in response to Crossroads' lawsuits alleging patent infringement, and the decisions each stated that all patent claims subject to each respective IPR are unpatentable,” the press release continued, adding that management is reviewing the decisions and will accordingly consider future actions.

Amazon.com, Inc. AMZN was trading down 0.56 percent in after-hours, continuing with the 7.61 percent decline seen during the day. The tumble seemed to have been triggered by the company’s Q4 miss.

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