Shoppers exit a Bed Bath & Beyond store in New York.

Michael Nagle | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Bed Bath & Beyond shares surged as much as 22% during extended trade after the company announced that Mark Tritton will take the helm as president and CEO of the company on Nov. 4, succeeding interim CEO Mary A. Winston. Tritton was most recently executive vice president and chief merchandising officer at Target. His immediate focus will be on “accelerating the [c]ompany’s ongoing business transformation,” the home goods retailer said in a press release.

Separately, Target announced that Senior Vice President of Operations Michael Fiddelke will become executive vice president and CFO on Nov. 1. The retailer’s shares dropped 1%, after the company’s stock hit a YTD high earlier Wednesday.

PG&E shares plunged more than 25% after a California judge granted a motion from a group of claimants and senior note-holders led by Elliott Management, which would open the way to a rival restructuring plan. The claimants and creditors must file their plan by Oct. 17, the judge ordered.

Shares of Sprint popped nearly 3% after the bell following Mississippi’s Attorney General Jim Hood’s settlement with T-Mobile to drop his state’s legal challenge against the merger between the two carriers in exchange for new T-Mobile 5G networks, among other commitments. Within six years, New T-Mobile must cover at least 92% of Mississippi’s general population and 88% of its rural population with 5G service, according to the terms of the agreement. So far, more than a dozen other state attorneys general have signed onto the multi-state lawsuit opposing the merger, Reuters reported.

Micron shares sunk 2% following a report from the South China Morning Post that the U.S. and China made no progress in deputy-level trade negotiations this week. Higher-level talks are expected to last for only Thursday, the report added, instead of the Thursday-Friday timeframe that was originally planned.

Shares of NVIDIA and Broadcom also fell following the news. NVIDIA fell 2% while Broadcom dropped 1%.

Products You May Like

Articles You May Like

Grading stocks’ comeback and whether this is the start of the next leg of the bull market
Many Americans are drowning in medical debt. Here’s what to know if you need some relief
Homebuilder DR Horton sees 2020 home sales above estimates, shares rise
Democratic billionaire Marc Lasry says stock market would fall 20%-30% if Warren wins presidency
Jefferies has a ‘black swan’ warning for the video game industry, but investors aren’t worried yet

Leave a Reply

Your email address will not be published. Required fields are marked *