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After-Hours Stock Movers 01/25: (OSTK) (GME) (IPAR) Higher; (QUMU) (SEEL) (EXPR) Lower (more...)

January 25, 2021 6:07 PM EST

Today's After-Hours Movers:

Overstock (NASDAQ: OSTK) 12.8% HIGHER; announces it will be converting Medici Ventures, Inc., its wholly owned blockchain-focused subsidiary, to a limited partnership (the Fund). An entity within Pelion Venture Partners, a third-party venture capital firm with a proven track record of successfully investing in early stage companies, will act as the general partner of the Fund.

Qumu Corporation (NASDAQ: QUMU) 11% LOWER; announced today the launch of an underwritten registered public offering of $20 million of its common stock.

Seelos Therapeutics, Inc. (Nasdaq: SEEL) 10.5% LOWER; announced today that it has commenced a proposed underwritten public offering of shares of common stock

Express, Inc. (NYSE: EXPR) 9.3% LOWER; profit-taking after 132% intra-day gain on short-covering.

Lipocine Inc. (NASDAQ: LPCN) 9% LOWER; announced that it intends to offer shares of its common stock for sale in an underwritten public offering

GameStop Corp. (NYSE: GME) 7% HIGHER; continues wild trading on short-covering.

Crane Co. (NYSE: CR) 4.6% LOWER; reported Q4 EPS of $1.00, $0.10 worse than the analyst estimate of $1.10. Revenue for the quarter came in at $726 million versus the consensus estimate of $737.92 million. Crane Co. sees FY2021 EPS of $4.90-$5.10, versus the consensus of $4.95.

RedBall Acquisition (NYSE: RBAC) 4.5% LOWER; The SPAC said no longer in talks for a minority stake in the Boston Red Sox and Liverpool F.C. - Axios

Inter Parfums, Inc. (NASDAQ: IPAR) 4% HIGHER; today announced that for the three months ended December 31, 2020, net sales were $184.0 million or 3.5% ahead of $177.8 million in the final quarter of 2019. At comparable foreign currency exchange rates, consolidated fourth quarter net sales were practically unchanged from those of 2019. For the full year, net sales declined 24.5% to $539.0 million from 2019s record sales of $713.5 million. At comparable foreign currency exchange rates, consolidated 2020 net sales declined 25.6%. Of note, the average dollar/euro exchange rate for the 2020 fourth quarter was 1.19 compared to 1.11 in the fourth quarter of 2019. For the full years ended December 31, 2020 and 2019, the average dollar/euro exchange rates were 1.15 and 1.12, respectively. Inter Parfums plans to issue results for the 2020 fourth quarter and full year on or about, Monday, March 1, 2021. (*Consensus sees Q4 EPS of $0.10 on revenue of $148 million)

Apollo Global Management, Inc. (NYSE: APO) 3.9% HIGHER; announced that Chairman and CEO Leon Black has informed the Board of Directors that he will retire as CEO effective on or before July 31, 2021 consistent with best-in-class governance practices. The Executive Committee, with the support of the Board, unanimously approved Marc Rowan as CEO to succeed Mr. Black who will continue as Apollo’s Chairman.

CureVac N.V. (Nasdaq: CVAC) 3.3% LOWER; announced today that it intends to offer and sell in an underwritten public offering 5,000,000 common shares. In addition, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares at the public offering price, less underwriting discounts and commissions. All the shares will be offered by CureVac.

Graco (NYSE: GGG) 3% HIGHER; reported Q4 EPS of $0.61, $0.10 better than the analyst estimate of $0.51. Revenue for the quarter came in at $470.3 million versus the consensus estimate of $426.52 million.

H.B. Fuller (NYSE: FUL) 2.3% HIGHER; reported Q4 EPS of $1.06, $0.21 better than the analyst estimate of $0.85. Revenue for the quarter came in at $777.64 million versus the consensus estimate of $734.32 million.

Academy Sports and Outdoors, Inc. (NASDAQ: ASO) 1.9% LOWER; announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy pursuant to a registration statement filed by Academy with the U.S. Securities and Exchange Commission.

Seer, Inc., (Nasdaq: SEER) 1.6% LOWER; announced the commencement of a proposed underwritten public offering of 3,500,000 shares of Class A common stock (1,400,000 of which are being offered for sale by Seer and 2,100,000 are being offered for sale by selling stockholders of Seer).



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Kohlberg Kravis Roberts, After-Hours Movers, Leon Black