Stocks making the biggest moves after hours: Twitter, Netgear and more
Musk had been expected to join Twitter’s board, however, Musk informed Twitter on Saturday that the richest man in the world would not be joining the board.
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These are the top stocks that made headlines following the bell.
Twitter — Shares of the tech company rose about 1% in extended trading after the Wall Street JournalAccording to reports, Apollo Global is considering taking part in the takeover of Twitter. According to reports, Apollo Global could possibly assist Elon Musk and other bidders to finance a deal.
Netgear — Shares of the tech company fell about 10% after the company announced first-quarter guidance that came in below StreetAccount estimates. Netgear reported that U.S. consumers WiFi markets declined during the first quarter of 2022. It also said it was experiencing supply chain problems due to Covid lockdowns.
Super Micro Computer — The information technology stock rose more than 13% in extended trade after the company raised its guidance for the quarter ended March 31. Super Micro Computer increased its guidance on earnings and revenue due to strong customer demand.
J.B. Hunt Transportation Services — Shares of the shipping company ticked up about 1% after a stronger-than-expected first-quarter report. J.B. Hunt posted $2.29 earnings per share for $3.49 Billion in revenue. According to Refinitiv. Analysts expected $1.94 per share for $3.29 trillion in revenue.