After-hours movers: AT&T, Tesla, DocuSign and more

After-Hours Stock Movers:

AT&T (NYSE: T) stock climbed 1.1%, paring an intraday loss of 3.75% after investors were spooked by concerns about liability over lead-sheathed phone cables. According to the Wall Street Journal, the EPA recently asked telecom executives to meet with the agency about the cables. Peer Verizon (NYSE: VZ) was lower by 3% during the regular session.

Tesla (NASDAQ: TSLA) was lower by 0.4% after earlier falling 2.9%. According to Reuters, the EV maker will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11 do to a lack of components because of attacks on vessels in the Red Sea.

DocuSign Inc. (NASDAQ: DOCU) was lower by 0.5%, paring a regular session gain 9.3%. The stock surged after Reuters reported that two private equity firms are vying to acquire the company.

Cytokinetics (NASDAQ: CYTK) shares climbed 1% after plunging 16% intraday on concerns a deal for the late-stage biopharmaceutical company won’t materialize after interest from Novartis (NYSE: NVS) cooled. An agreement with Novartis was expected as soon as this week but the drug giant backed away in recent days, according to Wall Street Journal sources.

Flexsteel Industries (NASDAQ: FLXS) stock gained 11% after it announced preliminary second quarter sales of $100.1 million compared to $93.1 million in the prior year quarter. Third quarter sales are expected to grow 2% to 7% year-over-year to $101 million to $106 million.

By Louis Juricic

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