Tuesday, July 20, 2010

Top After-Hours Movers & Reactions (AAPL, BP, APA, CYT, GILD, SHLD, YHOO, VMW)

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Many shares are moving in the after-hours trading session.  Most are earnings as earnings season is in full swing, but some are not tied to earnings at all.

Apple Inc. (NASDAQ: AAPL) closed at $251.89 and shares are up 2.9% at $259.14 on more than 4.57 million shares as of 5:05 PM EST.  SUMMARY

BP plc (NYSE: BP) and Apache Corp. (NYSE: APA) are on the move in after-hours trading.  BP is selling $7 billion in assets in the U.S., Canada, and Egypt to Apache to help pay for the Gulf of Mexico clean-up.  Apache Corp To Advance $5B To BP On July 30.  At 5;10 PM EST BP is up 1.25% at $35.64 on 665,000 shares in the after-hours session; Apache is down 2.8% at $85.77 and has traded 265,000 shares in the after-hours session.

Cytec Industries Inc. (NYSE: CYT) rose after record earnings of $1.24 EPS vs. $0.67 from Thomson Reuters consensus; It also raised guidance to $3.20 to $3.50 EPS from a prior range of $1.90 to $2.40 EPS for 2010.  Shares are up over 12% at $48.20 on about 34,000 shares as of 5:05 PM EST.

Gilead Sciences, Inc. (NASDAQ: GILD) is off lows after cutting its 2010 product sales guidance after earnings today.  Still, at 5:05 PM EST shares are down 3.03% at $32.00 on 375,000 shares since the close.

Sears Holdings Corporation (NASDAQ: SHLD) should be the “FAKE” after-hours alert.  There was either a clean-up trade that was not reported properly in time or a day traders and market maker have a beef over a print… Shares rose 4.5% to $64.80 in regular trading and a print of $60.95 for 8.685 shares at 4:51 PM EST has shares down by a mistaken amount considering the 5:05 PM EST bid-ask is much higher.

Yahoo! Inc. (NASDAQ: YHOO) closed at $15.20 before earnings and the reaction of light revenues has shares lower by 6.25% at $14.25 on more than 3.5 million shares as of 5:Z05 PM EST. SUMMARY

VMware, Inc. (NYSE: VMW) is running up after earnings and after raising 2010 guidance.  Shares are up 5.1% at $76.15 on over 600,000 shares as of 5:05 PM EST. SUMMARY


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