After Hours Trading Report for April 11

NasdaqStocks ended a five day losing streak today as positive earnings from Alcoa helped put investors’ minds at ease. The latest Fed Beige Book report also gave investors hope after showing the U.S. economy expanded at a modest to moderate pace in the past few weeks.

The major indexes all ended the day higher with the Dow up 89 points, the Nasdaq is up 25 points and the S&P 500 is up 10 points.

Mitek Systems Inc. (NASDAQ:MITK) is up 3.31% in after hours trading at $6.55. MITK ended normal trading hours up 5.32% at $6.34. Mitek Systems saw heavy volume today with 2.8 million shares traded, 3 times its average volume. The company has a market cap of 156.48 million.

Sino-Global Shipping America, Ltd. (NASDAQ:SINO) is up 4.27% in after hours at $4.15. SINO shares jumped more than 50% earlier today and closed at $3.98. SINO traded 719 thousand shares today, way above its daily average of 40 thousand shares. The company has a market cap of 11.55 million.

McKesson Corporation (NYSE:MCK) is up 3.54% in after hours trading at $91.01. MCK closed the day up 1.31% at $87.90 with over two million shares traded. McKesson Corporation is expected to have its fourth quarter conference call on April 30. The company has a market cap of 21.63 billion.

Avid Technology, Inc. (NASDAQ:AVID) is down 17.32% in after hours trading at $8.50. AVID shares are plummeting after Avid Technology posted preliminary first quarter guidance. The company expects revenue of $152 million, below estimates of $161.1 million. The company has a market cap of 397.69 million.

Pacira Pharmaceuticals Inc. (NASDAQ:PCRX) is down 1.68% in after hours trading at $9.95. PCRX shares are dipping this afternoon after the company announced of common stock. The company has a market cap of 257.15 million.

Micron Technology Inc. (NASDAQ:MU) is down 0.77% in after hours trading at $7.11. MU closed regular trading hours up 0.21% at $7.16 with 22.4 million shares a day on average. Micron Technology announced an $870 million offering of convertible senior notes. The company has a market cap of 7.04 billion.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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