Norwegian Cruise Line The Norwegian Bliss cruise ship passes the John Hopkins Inlet in Glacier Bay, Alaska on July 11, 2019.
Tim Rue | Bloomberg | fake pictures
Check out the companies that make headlines after the bell:
Moderna – Moderna’s shares soared in extended trading after rising nearly 7% early Wednesday. The action has been in an upward progression since the biotech company released data on Tuesday showing that its coronavirus vaccine produced antibodies in all 45 patients in an early trial.
Virgin Galactic: Space travel company shares rose 5% in extended trade after Virgin Galactic announced Michael Colglazier as its new CEO. Colglazier was recently the president and managing director of Disney Parks International.
American Airlines: American Airlines shares fell 2% in extended trading after the company warned 25,000 employees, about 20% of its workforce, about possible permits and layoffs that will come in the fall as Hopes for a pickup in air travel demand seem slimmer. Shares of other airlines also fell during extended trading after posting strong gains earlier in the day on positive vaccine news, with Delta falling around 2%, Southwest falling 1%, JetBlue moving 1% lower, and United dropping 1% after the bell closed.
Carnival, Norwegian Cruise Line, Royal Caribbean – Shares of cruise lines fell in extended trade, reversing a boost they saw earlier in the day of promising news about a coronavirus vaccine. Carnival shares fell 2%, Norway fell 2%, and Royal Caribbean moved 1% lower.
Alcoa – Shares of the aluminum maker rose 6% after the bell by publishing its second-quarter financial results. Alcoa reported a second quarter loss of 2 cents a share, excluding items on earnings of $ 2.15 billion. Refinitiv analysts had expected a loss of 38 cents a share on revenue of $ 2.11 billion. Alcoa said part of the demand decreased as customer production levels declined due to the coronavirus.
Twitter: Shares of the social media company fell 3% in widespread trading after hackers appeared to compromise the Twitter accounts of Elon Musk, former President Barack Obama and Bill Gates, among others, in a scam of cryptocurrencies. Twitter said it was investigating the problem.
Dell, VMware: Dell shares rose approximately 8%, while VMware shares rose 3% during extended trading. Dell said Wednesday that the tech company is exploring a spin-off of its 81% ownership of VMware. The possible spinoff would not occur until at least September 2021.
.
