Among the stock's that are moving on heavy volume in the after hours trading session are Radient Systems RADS, Clean Energy Fuels Corp. CLNE, Microchip Technology MCHP, Novellus Systems NLS, Intel INTC and Annaly Capital Management NLY.
Bullish:
Radient Systems (RADS) shares have jumped 30.54% to $28.00 after the company agreed to a $1.2 billion buyout deal from NCR Corporation NCR.
Clean Energy Fuels (CLNE) has surged 7.55% after Chesapeake Energy CHK announced it was investing $150 million in the company's in CLNE's newly issued convertible debt.
Bearish
Microchip Technology (MCHP) shares fell 7.63% in the after hours after the company lowered its guidance. The stock is currently trading at $34.62.
Novellus Systems (NVLS) released its Q2 earnings results after the close. The company beat earnings estimates, but missed on the top line. The company also issued Q3 revenue guidance of between $300-340 million, which is well below the current $362.98 estimate. The stock is down 5% to $33.98 in the late trading session.
Intel INTC has lost 0.79% to $22.67 in the after hours in active trade. The move lower is likely related to the lower guidance issued by Microchip Technology (MCHP) which is a chip company, like Intel.
Annaly Capital Management NLY shares have shed 2% in late trading to $17.95. The company announced a secondary offering of 100 million shares after the closing bell.
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