Many shares are moving in the after-hours trading session. Most are earnings as earnings season is in full swing, but some are not tied to earnings at all.
Apple Inc. (NASDAQ: AAPL) closed at $251.89 and shares are up 2.9% at $259.14 on more than 4.57 million shares as of 5:05 PM EST. SUMMARY
BP plc (NYSE: BP) and Apache Corp. (NYSE: APA) are on the move in after-hours trading. BP is selling $7 billion in assets in the U.S., Canada, and Egypt to Apache to help pay for the Gulf of Mexico clean-up. Apache Corp To Advance $5B To BP On July 30. At 5;10 PM EST BP is up 1.25% at $35.64 on 665,000 shares in the after-hours session; Apache is down 2.8% at $85.77 and has traded 265,000 shares in the after-hours session.
Cytec Industries Inc. (NYSE: CYT) rose after record earnings of $1.24 EPS vs. $0.67 from Thomson Reuters consensus; It also raised guidance to $3.20 to $3.50 EPS from a prior range of $1.90 to $2.40 EPS for 2010. Shares are up over 12% at $48.20 on about 34,000 shares as of 5:05 PM EST.
Gilead Sciences, Inc. (NASDAQ: GILD) is off lows after cutting its 2010 product sales guidance after earnings today. Still, at 5:05 PM EST shares are down 3.03% at $32.00 on 375,000 shares since the close.
Sears Holdings Corporation (NASDAQ: SHLD) should be the “FAKE” after-hours alert. There was either a clean-up trade that was not reported properly in time or a day traders and market maker have a beef over a print… Shares rose 4.5% to $64.80 in regular trading and a print of $60.95 for 8.685 shares at 4:51 PM EST has shares down by a mistaken amount considering the 5:05 PM EST bid-ask is much higher.
Yahoo! Inc. (NASDAQ: YHOO) closed at $15.20 before earnings and the reaction of light revenues has shares lower by 6.25% at $14.25 on more than 3.5 million shares as of 5:Z05 PM EST. SUMMARY
VMware, Inc. (NYSE: VMW) is running up after earnings and after raising 2010 guidance. Shares are up 5.1% at $76.15 on over 600,000 shares as of 5:05 PM EST. SUMMARY
JON C. OGG