Stocks that make the biggest moves after close: FedEx, Rivian, and more – archyde

Check out the companies that are making the headlines in after-hours trading.

FedEx Shipping company FedEx saw its shares rise 6% after posting quarterly earnings and earnings that exceeded analysts’ expectations. FedEx also announced a $ 5 billion share buyback program and restored its original guidance for fiscal year 2022, which was lowered in September.

Rivian Automotive Electric vehicle maker Rivian was down about 10% after releasing its first quarterly results as a publicly traded company. Rivian said reservations for its electric pickup truck and SUV rose 28% and announced plans to build a new vehicle assembly plant in Georgia.

General Motors GM lost about 4% in expanded trade after it was revealed that Dan Ammann, CEO of its San Francisco-based self-driving car maker Cruise, has left the company. Cruise founder Kyle Vogt becomes interim CEO.

United States steel US Steel shares traded roughly 4% lower after the company released its adjusted EBITDA forecast for the fourth quarter of 2021. EBITDA is expected to be around $ 1.65 billion, according to Street Account, which is less than the expected $ 2.13 billion.

Confirm The installment loan company’s shares fell more than 1% after hours and continued to slide 10% after the closure. The Consumer Financial Protection Bureau announced Thursday that it has opened an investigation into buy-it-now loans. She asked Affirm and other companies offering a similar product for information that would help shed light on the industry’s practices and risks.

Jabil The manufacturing services company gained 1% after posting earnings of $ 1.92 per share for the quarter on revenue of $ 8.58 billion. That was higher than analysts’ estimates of $ 1.80 per share on sales of $ 8.29 billion, according to Refinitiv.

Leave a Reply

Your email address will not be published. Required fields are marked *