On this photograph illustration the ViacomCBS brand seen displayed on a smartphone.Rafael Henrique | SOPA Photographs | LightRocket | Getty Photogr
On this photograph illustration the ViacomCBS brand seen displayed on a smartphone.
Rafael Henrique | SOPA Photographs | LightRocket | Getty Photographs
Take a look at the businesses making headlines after the bell on Monday:
ViacomCBS – Shares of the media big dipped 4.3% after the corporate introduced it should promote $2 billion price of its Class B inventory and $1 billion in Collection A most well-liked inventory. ViacomCBS mentioned it plans to make use of among the proceeds to put money into its streaming providers.
QuantumScape – The lithium battery firm’s shares dropped almost 4% after a Securities and Trade Fee submitting confirmed QuantumScape will promote as much as 13 million shares of Class A typical inventory.
Western Midstream Companions – Western Midstream shares inventory slid 2.8% after the vitality firm introduced that an affiliate of shareholder Occidental Petroleum will promote Eight million shares in frequent inventory. BofA Securities will underwrite the providing.
Raven Industries – The agriculture expertise firm’s inventory fell 8.6% on mild quantity after Raven Industries reported weaker-than-expected fiscal fourth-quarter outcomes. Raven posted earnings per share of 1 cent on income of $80.1 million. Analysts polled by FactSet predicted earnings per share of 13 cents on income of $91.Eight million.