Market Update After Hours March 5

Market Summary

Dow Jones 14,253.77 125.95 -0.89%
S&P 500 1,539.79 14.59 -0.96%
Nasdaq 3,224.13 42.1 -1.32%

Top Gainers

MGIC Investment Corp. (NYSE:MTG) 5.34 +1.16 (27.75%)

To bolster its capital after years of losses from the foreclosure crisis, mortgage insurer MGIC Investment Corp. said Tuesday it is selling 135 million common shares and $350 million in convertible notes.

Cree, Inc. (NASDAQ:CREE) 51.16 +6.44 (14.40%)

Cree, Inc. (CREE) introduces a game-changing series of LED bulbs at a retail price point that gives consumers a reason to switch to LED lighting. The long-lasting Cree LED bulbs showcase Cree’s commitment to LED lighting innovation.

Ascena Retail Group Inc. (NASDAQ:ASNA) 18.90 +2.37 (14.34%)

Ascena Retail Group, Inc. (ASNA) reported net income for the second quarter of $47.2 million or $0.29 per share, compared to $63.7 million or $0.40 per share in the year-ago quarter. Income from continuing operations for the second quarter was $37.8 million or $0.23 per share, compared to $63.7 million or $0.40 per share in the prior year quarter. Inc. (NASDAQ:SOHU) 48.84 +5.20 (11.92%)

South China Morning Post speculated that the Chinese Internet company could be taken private and might be delisted from the NASDAQ.

Changyou.Com Ltd (ADR) (NASDAQ:CYOU) 32.24 +3.43 (11.91%)

Chinese Internet stocks in New York soared on speculation of Sohu being privatized.

Top Losers

Impax Laboratories Inc. (NASDAQ:IPXL) 14.80 -5.20 (-26.00%)

Impax Laboratories Inc. (IPXL) announced after the bell Monday that the FDA completed its re-inspection of the company’s Hayward manufacturing facility in connection with the Form 483 issued in March last year. At the conclusion of the inspection, the FDA issued a new Form 483 with twelve observations, three of which are designated as repeat observations from inspections that occurred prior to the warning letter.

J.C. Penney Company, Inc. (NYSE:JCP) 14.96 -1.78 (-10.63%)

Stock down on reports that the company’s second biggest shareholder Vornado Realty Trust (VNO) is selling almost half its stake in the retailer.

Ubiquiti Networks Inc. (NASDAQ:UBNT) 12.84 -0.95 (-6.89%)

Ubiquiti Networks, Inc. (UBNT), a next-generation communications technology company, announced that its innovative airFiber point-to-point wireless technology is being used in customer deployments on six continents and scaling far beyond the perceived limitations of the 24 GHz spectrum.

NII Holdings, Inc. (NASDAQ:NIHD) 4.74 -0.29 (-5.77%)

Analysts at Raymond James decreased their price target on shares of NII Holdings (NIHD) from $11.00 to $7.00

Hecla Mining Company (NYSE:HL-B) 60.05 -3.42 (-5.39%)

Hecla Mining Co. said Monday it plans to buy a Canadian-based gold producer operating in the Abitibi area of Quebec.

After Hours Most Active

NYSE Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
CX Cemex S.A.B. de C.V. $11.32 5,259,582
MTG MGIC Investment Corporation $5.52 4,464,898
HST Host Hotels & Resorts, Inc. $16.61 2,751,346
BAC Bank of America Corporation $11.59 2,431,383
STO Statoil ASA $24.88 1,381,622
GLW Corning Incorporated $12.50 1,352,525
PAY Verifone Systems, Inc. $20.10 1,345,986
GE General Electric Company $23.60 1,114,887
PBR/A Petroleo Brasileiro S.A.- Petrobras $16.94 1,103,000
MCD McDonald’s Corporation $95.84 813,694

NASDAQ Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
VOD Vodafone Group Plc $26.65 3,938,175
QQQ PowerShares QQQ Trust, Series 1 $68.72 3,841,181
MSFT Microsoft Corporation $28.31 1,574,635
YHOO Yahoo! Inc. $22.98 1,509,610
CSCO Cisco Systems, Inc. $21.18 1,238,960
SYMC Symantec Corporation $24.20 1,002,668
HOLX Hologic, Inc. $22.43 927,219
SIRI Sirius XM Radio Inc. $3.24 889,402
ORCL Oracle Corporation $35.46 886,808
TXN Texas Instruments Incorporated $35 730,756




Ed Liston is a senior contributing editor at An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.