The Stock Market's Biggest After-Hours Movers
ULTA Beauty Surges Following Berkshire Hathaway Investment
ULTA Beauty (ULTA) saw a significant increase of 12% in after-hours trading.
This surge followed the news that Warren Buffett's Berkshire Hathaway acquired a $266 million stake in the company.
The investment is a major vote of confidence in ULTA Beauty, which has been a strong performer in recent years.
Cisco Systems Rises After Strong Earnings Report
Cisco Systems (CSCO) rose 5.6% in after-hours trading.
This increase came after the company reported solid second-quarter results and updated guidance.
Cisco's revenue rose 5% year-over-year to $12.8 billion, beating analysts' estimates.
- The company's earnings per share were also higher than expected, coming in at $0.88.
- Cisco also raised its guidance for the full year, saying it now expects revenue to grow between 4.5% and 6.5%.
Most Actively Traded US Stocks in Post-Market
The post-market trading session is a period of time after the regular trading day has ended.
During this time, fewer shares are required to make an impact on a stock's price.
As a result, traders often use the post-market session to quickly adjust their positions.
- Some of the most actively traded US stocks in post-market trading on Tuesday, August 9, 2023 included:
- ULTA Beauty (ULTA)
- Cisco Systems (CSCO)
- Advanced Micro Devices (AMD)
- Nvidia Corporation (NVDA)
- Tesla, Inc. (TSLA)
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