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Stocks making the biggest moves after hours: Zoom Video, Eastman Kodak, Tesla & more
Zoom founder Eric Yuan poses in entrance of the Nasdaq constructing as the display reveals the emblem of the video-conferencing software program firm Zoom after the opening bell ceremony on April 18, 2019 in New York Metropolis.
Kena Betancur | Getty Photographs
Take a look at the firms making headlines after the bell:
Zoom Video — Shares of Zoom Video jumped more than 9% after reporting one other blowout quarter. The video conferencing firm stated its income more than quadrupled in the fiscal second quarter in comparison with a 12 months in the past. Its earnings got here in at 92 cents per share, simply beating analyst expectations of 45 cents per share, in keeping with Refinitiv. The inventory has soared more than 370% this 12 months.
Eastman Kodak — Shares of Eastman Kodak popped more than 13% after hedge fund D.E Shaw disclosed a 5.2% stake in the firm in a 13-G submitting. The inventory has been extremely risky in latest weeks after the Trump administration introduced plans to award the onetime pictures pioneer a $765 million mortgage to provide drug substances. The mortgage was later placed on maintain as regulators began a probe on how Kodak disclosed the authorities deal.
Tesla — Shares of Tesla rose 3% in prolonged trading, constructing on momentum following its 5-for-1 inventory cut up that took impact on Monday. Buying and selling was heavier than regular throughout Monday’s session as Tesla shares exchanged arms 115.6 million instances, properly above its 30-day quantity common of 73.Three million. The inventory surged 12.5% on Monday, bringing its 2020 good points to more than 495%.