Stocks that make the biggest moves after close of business: GameStop, Clean Energy Fuels, Clover & more

A person walks past a GameStop in the Manhattan neighborhood of New York City, New York, the United States, January 29, 2021.

Carlo Allegri | Reuters

Check out the companies that are making headlines after the bell:

RH – The company formerly known as Restoration Hardware saw its shares gain 6% in expanded trading after it reported that its net income rose 78% to $ 860.8 million for the first quarter, compared to $ 860.8 million $ 482.9 million a year ago. The company also increased its revenue expectations for fiscal 2021 to a range of 25 to 30%, compared to a previous range of 15 to 20%.

Clover Health – The rally that pushed Clover stock up 85% on Tuesday continued on Wednesday afternoon as stocks fell about 6% after the closing bell. The stock fell 23.6% during Wednesday’s regular session. Clover, which offers private health insurance and Medicare plans in eight US states, went public earlier this year by partnering with a special acquisition company owned by venture capitalist Chamath Palihapitiya.

GameStop – The video game retailer’s shares fell 7% in volatile trading following the bell following first-quarter earnings and the announcement that former Amazon e-commerce manager Matt Furlong will become the company’s new CEO. GameStop, a popular trade with retailers in early 2021, also said its adjusted loss per share for the first quarter was 45 cents on sales of $ 1.28 billion.

Clean Energy Fuels – The California-based natural gas company’s shares continued their wild ride after the end of regular trading in New York, rising 9% in the expanded session. The after-hours pop came after a fit of trading frenzy that saw the stock jump 31.5% during regular trading hours. The stock closed at $ 13.02 per share.

Lordstown Motors – The electric truck maker’s shares fell more than 3% in overnight trading after falling 20% ​​after a wild regular session before rebounding to end the day flat. The whip came on Wednesday after Lordstown said it was in talks with multiple parties to raise funds the day after it issued a going concern warning saying it did not have the funds to cope with commercial production to start. The announcement came as a turnaround for some investors looking to get into the company after it announced last year that it would go public through a reverse merger with a blank check company.


Katherine Clark