After-Hours Stock Movers 04/14: (DELL) (AEO) (COIN) Higher; (NSPR) (GBX) Lower (more...)
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Today's After-Hours Stock Movers:
InspireMD, Inc. (NYSE: NSPR) 9.7% LOWER; announced a 1-for-15 reverse split of its common stock, effective as of April 26, 2021. Beginning on April 27, 2021, the Company's common stock will trade on the NYSE American on a split adjusted basis.
Dell Technologies (NYSE: DELL) 8.1% HIGHER; announces the planned spin-off of its 81% equity ownership interest in VMware (NYSE: VMW). The transaction will result in two standalone companies positioned for growth in the data era. The transaction is expected to close during the fourth quarter of calendar 2021, subject to certain conditions, including receipt of a favorable IRS private letter ruling and an opinion that the transaction will qualify as generally tax-free for Dell Technologies shareholders for U.S. federal income tax purposes.
American Eagle Outfitters (NYSE: AEO) 6.3% HIGHER; announced that business is exceeding expectations with first quarter revenue on track to over $1 billion, a mid-teens increase compared to pre-COVID 2019 first quarter reported revenue. Demand has accelerated across the American Eagle and Aerie brands, generating strong margins, higher full-priced selling and reduced promotions. For the period, management expects operating income of approximately $120 million, compared to first quarter 2019 operating income of $48 million and adjusted operating income of $49 million.
Coinbase (NASDAQ: COIN) 4.7% HIGHER; gains after-hours after IPO debut today.
The Greenbrier Companies, Inc. (NYSE: GBX) 3.8% LOWER; announced today that it intends to offer, subject to market and other conditions, $275.0 million aggregate principal amount of Convertible Senior Notes due 2028 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
PPD, Inc. (NASDAQ: PPD) 2.3% HIGHER; adds to intra-day gains on reports TMO is near a deal to acquire the company
Harrow Health, Inc. (NASDAQ: HROW)1.8% HIGHER; Sees total Q1 revenue between $14.9 million and $15.5 million.
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