After-hours movers: Tesla, Gildan Activewear, Macatawa Bank, and more

After-Hours Stock Movers:

Tesla (NASDAQ: TSLA) declined 0.7% after falling 5.6% during the regular session following reports two key executives left the company amid plans for more layoffs. Analysts called it a 'dark day' for the automaker, as shares hit an 11-month low.

Macatawa Bank (NASDAQ: MCBC) gained 40% after it and Wintrust Financial (NASDAQ: WTFC) jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.

Gildan Activewear (NYSE: GIL) gained 1.2% after it announced preliminary first quarter sales that topped estimates. The apparel maker also reaffirmed full year guidance.

Mitek Systems (NASDAQ: MITK) declined 7% after it published second quarter results that trailed estimates, though full year revenue guidance was about in-line with views.

Kaival Brands Innovations Group (NASDAQ: KAVL) declined 10% after surging by 136% during the regular session.

Trump Media & Technology Group (NASDAQ: DJT) declined 5%, extending an intraday slump of 18%, after it filed paperwork with the SEC that could allow it to sell millions of shares on behalf insiders, including the former president.

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