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Stocks That Make The Biggest Moves After The Bell: DraftKings, QuantumScape, PPG & More

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The elevator entrance, which resembles a tunnel leading into a stadium, is pictured in the new DraftKings office in Boston on March 25, 2019.

David L. Ryan | The Boston Globe via Getty Images

Check out the companies that hit the headlines on Thursday after the bell:

QuantumScape – Shares in the electric vehicle battery maker rose 3% after the company responded to a report from short seller Scorpion Capital. In the report, QuantumScape named a “Pump and Dump SPAC” scam. QuantumScape said Scorpion will benefit financially from a decline in its stake. QuantumScape’s stock fell more than 12% earlier in the day during the regular session.

DraftKings – DraftKings shares rose 3% after the company announced it would sign a deal with the NFL to become one of the league’s official sports betting partners. DraftKings also renewed its daily fantasy football partnership with the league.

Alcoa – The aluminum maker’s shares rose 2% after the company reported better-than-expected results in the first quarter. Alcoa had earnings per share of 79 cents on sales of $ 2.87 billion. Analysts polled by FactSet expected earnings per share of 45 cents on sales of $ 2.63 billion.

PPG Industries – PPG stock rose 5% after the company posted first quarter results that beat analysts’ forecasts. The company reported earnings per share of $ 1.88 on sales of $ 3.88 billion. Analysts polled by FactSet forecast earnings per share of $ 1.57 on sales of $ 3.67 billion.

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Katherine Clark