Courtesy of Benzinga.
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Some of the stocks that may grab investor focus today are:
- Hertz Global Holdings Inc (NYSE: HTZ) reported that it has received $2 billion proceeds from the separation of its equipment rental business. The company also announced a $395 million buyback plan. Hertz shares fell 0.18 percent to $11.05 in the after-hours trading session.
- Micron Technology, Inc. (NASDAQ: MU) reported a narrower-than-expected loss for the third quarter, but the company missed analysts’ sales estimates. The company also projected a surprise adjusted loss for the fourth quarter. Micron also announced number of initiatives to reduce costs, including global workforce reduction. Micron shares tumbled 9.45 percent to $12.46 in the after-hours trading session.
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- Franklin Covey Co. (NYSE: FC) posted weaker-than-expected results for its third quarter on Thursday. Franklin Covey shares dropped 2.48 percent to $14.95 in the after-hours trading session.
- Shares of Hershey Co (NYSE: HSY) surged more than 16 percent on Thursday after Mondelez International Inc (NASDAQ: MDLZ) presented a takeover bid to acquire Hershey for $107 per share in cash and stock, as well as other non-monetary considerations. However, Hershey’s board rejected the preliminary offer by Mondelez. Hershey shares fell 0.27 percent to $113.18 in after-hours trading, while Mondelez shares slipped 0.18 percent to $45.43 in the after-hours trading session.
- Apple Inc. (NASDAQ: AAPL) is in talks to acquire Jay Z’s streaming-music service Tidal, the Wall Street Journal reported. Apple shares fell 0.22 percent to $95.39 in pre-market trading.
Posted-In: Stocks To WatchEarnings News Guidance M&A Pre-Market Outlook Trading Ideas
