After the market closed, several stocks saw significant movement. Micron Technology shares declined by 6% following the release of its quarterly results and guidance. While the company beat analyst estimates for the third quarter and fourth quarter, investors were not impressed with the results.
Recursion Pharmaceuticals fell 8% after announcing plans to offer $200 million of shares in an underwritten public offering. Levi plunged 12% after its full-year EPS guidance fell short of estimates.
AeroVironment saw a 7% decline despite beating estimates for the fourth quarter, with guidance in line with analyst expectations. CASI Pharma, on the other hand, rose 75% after receiving a proposal to acquire the entire business operations in China.
Citigroup saw a modest increase of 0.25% after the Fed stated that large U.S. banks are well positioned to weather a severe recession. However, Wells Fargo and U.S. Bancorp saw declines after hours. H.B. Fuller, on the other hand, rose 5% after reporting solid second quarter results and guidance.