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Stocks making the biggest moves after hours: FedEx, Rivian and more


Rivian workers stand alongside the all-electric pick up truck, the R1T by Rivian on November 9, 2021, in Brooklyn, New York City.

Spencer Platt | Getty Images

Take a look at the top companies in trading after hours.

FedEx After reporting quarter-end earnings and revenues that exceeded analysts’ expectations, shipping company FedEx saw shares rise 6%. FedEx announced a $5B share repurchase program, and it reinstated its fiscal 2022 forecast that was lowered in September.

Rivian Automotive Rivian’s shares fell 4% in the quarter that ended after it reported its first quarter results. Rivian reported that reservation for its electric pickups and SUVs increased 28%. It also announced plans to construct a new Georgia vehicle assembly plant.

General Motors — GM lost about 4% in extended trading following news that Dan Ammann, CEO of its San Francisco area-based self-driving car company Cruise, has left the company. Kyle Vogt, Cruise founder, will serve as interim CEO.

United States Steel — Shares of U.S. Steel traded about 4% lower after the company issued fourth-quarter 2021 adjusted EBITDA guidance. According to Street Account, EBITDA will be around $1.65 Billion, which is less than the expected $2.13 Billion.

Affirm — The installment loan company’s shares slid more than 1% after hours, continuing to slide after closing down 10%. On Thursday, the Consumer Financial Protection Bureau launched an inquiry about buy-now-pay later credit. Affirm was asked by the bureau to share information about similar products and industry risks.

Jabil The shares of a manufacturing company edged higher after they reported quarterly earnings of $1.92 based on $8.58 billion in revenue. This was significantly higher than analyst estimates of $1.80 earnings per share on revenues of $8.29 million, Refinitiv reported.