Let's have a look at what is happening on the US markets after the closing bell on Friday. Below you can find the top gainers and losers in today's after hours session.
The “fair value” estimate for the 10-year US Treasury yield remained relatively steady in August while the average level of the actual benchmark rate in the market continued to ease.
The month of August was unremarkable for your average Nasdaq-100 stock -- with a few notable exceptions. These three stocks enjoyed more than 20% price gains in an otherwise sleepy 30-day period.
Shares of digital ad verification company DoubleVerify (NYSE:DV) fell 6.2% in the afternoon session after a law firm announced it is investigating potential breaches of fiduciary duties by some of the company's officers and directors.
Shares of luxury furniture retailer RH (NYSE:RH) fell 4.6% in the afternoon session after the company reported disappointing second-quarter results and provided a weak outlook for the upcoming quarter.
Shares of climate control solutions innovator Lennox International (NYSE:LII)
fell 3.6% in the afternoon session after multiple analyst firms lowered their price targets on the stock, citing market challenges.
Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 4.9% in the afternoon session after continued concerns about the competitive threat posed by Artificial Intelligence (AI).
Shares of satellite communications provider fell 3.3% in the afternoon session after Raymond James downgraded the stock to "Outperform" from "Strong Buy" and significantly lowered its price target.
Shares of furniture company La-Z-Boy (NYSE:LZB)
fell 2.7% in the afternoon session after the stock traded down in sympathy with competitor RH (RH), which reported weaker-than-expected results and lowered its guidance.
Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK)
jumped 8.4% in the afternoon session after the stock extended its positive momentum as the company announced it had regained compliance with Nasdaq's listing rules and revealed a new partnership to expand its UK charging network.
Shares of luxury furniture retailer Arhaus (NASDAQ:ARHS) fell 4.6% in the afternoon session after peer and fellow furniture retailer RH (formerly Restoration Hardware) reported disappointing quarterly results and lowered its outlook, creating negative sentiment across the sector.
Shares of genetic testing company Natera (NASDAQ:NTRA). fell 2.7% in the afternoon session after the company reached an $8.25 million settlement in a legal case. The case, titled 'Amanda Davis v. Natera Inc.,' was reported by the Daily Journal. While the financial impact of the settlement may not be substantial for a company of Natera's scale, news of legal disputes can create uncertainty among investors. The announcement may have raised concerns regarding the underlying issues of the lawsuit or the potential for future legal challenges, prompting a sell-off in the company's shares.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped 9.4% in the afternoon session after it announced the successful completion of its 70th Electron mission, a milestone that reinforces the rocket's position as the most frequently launched small orbital vehicle in the world.
Shares of language-learning app Duolingo (NASDAQ:DUOL)
fell 2.8% in the afternoon session after reports revealed Apple's new AirPods will be able to translate conversations in real time, introducing a significant competitive threat.
Shares of biotechnology company Moderna (NASDAQ:MRNA)
fell 7.8% in the afternoon session after reports revealed Trump administration health officials plan to link COVID-19 vaccines to the deaths of around two dozen children.
Shares of discount retailer Five Below (NASDAQ:FIVE)
fell 4.5% in the afternoon session amid negative sentiment in the retail sector as peer company RH reported disappointing results and cut its full-year revenue forecast.
Shares of pet-focused retailer Petco (NASDAQ:WOOF)
fell 3.8% in the afternoon session after the company announced plans to close 25 underperforming stores nationwide as part of an effort to revive earnings.
