Stocks making the biggest moves after hours: Sanderson Farms, Globalstar & more
21 Jun 2021
A worker wearing a protective mask fulfills an online order at a Stew Leonard’s supermarket in Paramus, New Jersey, on Tuesday, May 12, 2020. Stew Leonard Jr. said that the meatpacking plant the company uses is operating at about 70% capacity, and he expects it to rebound to full capacity in about a month, CT Post reported.
Angus Mordant | Bloomberg | Getty Images
Check out the stocks making moves after the bell on Monday:
Sanderson Farms — The chicken producer’s stock rose nearly 10% after a report said the company is exploring a sale. Sanderson is the third-largest chicken producer in the U.S. and has a market value of $3.5 billion.
Globalstar — The satellite communications company’s stock fell 1.3% after jumping 17% during regular trading. Earlier in the day, B. Riley began coverage of Globalstar with a buy rating, saying it has “moved through the high-risk portion of its history and is now poised to start generating returns.”
Pilgrim’s Pride — Shares of Pilgrim’s Pride rose about 1%. The company on Thursday entered an agreement to purchase the meats and meals business of Ireland’s Kerry Consumer Foods.
Diamondback Energy — The oil company rose slightly after the bell as it looks to build on its sharp gains this year. Year to date, Diamondback Energy is up 89.1%, and it ended Monday’s regular session up more than 6%. The moves come as the S&P 500 energy sector is on pace for its best year in three decades.
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