After Hours Trading Report for April 17

Investors at the NYSEA sense of calm over Europe helped tech stocks power the broader market to a massive rally. The Dow logged its best day in a month with IBM pushing higher ahead of earnings – the stock is dropping in after-hours as its earnings released.

Earnings season is in full swing with Yahoo shares jumping in after-hours after the company swung to a 1st quarter profit.

Gold prices also ended the day higher, breaking a two session losing streak. The metal is matching the moves of the broader market, but in a more muted fashion. It seems gold lacks direction as it weighs news out of Europe but realizes that the concern over their debt situation is far from resolved.

The Dow finished the day up 194 to reclaim the 13k mark. The Nasdaq and S&P 500 both closed higher, adding 54 and 21 points respectively.

The Talbots, Inc. (NYSE:TLB) is up 5.54% in after hours trading at $2.86. TLB closed regular trading at $2.71 with 1.39 million shares traded. Talbots is expected to release earnings at 4:30 today. The company has a market cap of 190.66 million.

AVI BioPharma, Inc. (NASDAQ:AVII) is up 13.12% in after hours trading at $1.018. AVII shares fell 13.45% in normal trading at $0.90. AVII traded 2.23 million shares today, slightly above its daily average of 2.10 million shares. The company has a market cap of 122.18 million.

United Rentals, Inc. (NYSE:URI) is up 7.28% in after hours trading at $43.87. URI traded 2.09 million shares during regular trading hours today and closed up 1.51% at $40.91. United Rentals just announced first quarter results and EPS beat estimates by $0.12 per share. The company has a market cap of 2.57 billion.

Cree, Inc. (NASDAQ:CREE) is down 9.12% in after hours trading at $31.90. CREE traded 4.79 million shares in normal trading today, about double its daily average. CREE shares are falling after the company’s third quarter earnings missed. The company has a market cap of 3.70 billion.

Sigma Designs Inc. (NASDAQ:SIGM) is down 6.88% today at $5.01. SIGM traded 647 thousand shares today, double its daily average. SIGM shares have rallied $0.50 a share this week. The company has a market cap of 175.71 million.

Cadence Pharmaceuticals, Inc. (NASDAQ:CADX) is down 4.36% in after hours trading at $3.29. CADX traded 420 thousand shares today and trades 453 thousand shares a day on average. The company has a market cap of 294.18 million.

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About Martin Stephenson

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.

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