After-hours movers: MBIA surges on special dividend, lululemon falls following results

December 7, 2023 5:32 PM EST

After-Hours Stock Movers:

MBIA (NYSE: MBI) 55% HIGHER; declared an extraordinary cash dividend on MBIA common stock of $8.00 per share to shareholders of record as of December 18 to be paid on December 22, which totals approximately $409 million. the yield represents 108.4%.

RH (NYSE: RH) 8% LOWER; the trendy home goods retailer missed on the top an bottom line for its thrid quarter.

Gates Industrial (NYSE: GTES) 7% LOWER; announced today that certain selling stockholders affiliated with Blackstone Inc.have commenced a secondary offering of 15,000,000 of Gates' ordinary shares.

lululemon athletica (NASDAQ: LULU) 2% LOWER; beat on the top and bottom line for its third quarter but full year revenue guidance was slightly below the Street on the high end.

Crown Castle Inc. (NYSE: CCI) 2% HIGHER; CEO to retire amid activist investor pressure on the company.

Broadcom (NASDAQ: AVGO 1% LOWER; beat on the top and bottom line in its fourth quarter but full year revenue guidance was modestly below the Street

DocuSign Inc. (NASDAQ: DOCU) 1% LOWER; falls despite a beat on the top and bottom line in the third quarter and revenue guidance slightly better at the mid-point.

Qorvo, Inc. (NASDAQ: QRVO) 1% HIGHER; upgraded to Overweight at Morgan Stanley

QUALCOMM (NASDAQ: QCOM) 1% LOWER; downgraded at Morgan Stanley

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