3 Stocks Moving After-Hours: Dividends, Guidance Cuts & Analyst Coverage

U.S. stocks traded up on Monday, driven by gains in the energy sector, which spiked on increasing expectations for the OPEC to reach a deal to trim production.

After the close, Illumina, Inc. ILMN plummeted 23 percent after management cut its third quarter sales guidance from $625-$630 million, to around $607 million. For the fourth quarter, the company now sees flat to slightly higher sales, quarter-over-quarter.

For its part, LendingClub Corp LC tumbled 2.3 percent after-hours, apparently on news that Wedbush initiated coverage of the stock with an Underperform rating and $3.75 price target.

Heritage Insurance Holdings Inc HRTG traded down 1.8 percent in Monday’s after-hours session, after the company announced it expected less than $100 million in losses from Hurricane Mathew. Out of this figure, $40 million will be retained by the company.