Musk would have been appointed to Twitter’s board of directors on Saturday, but the richest man in the world told the company on the same day that he would not, in fact, be taking the board seat.
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Here are the stocks making headlines after the bell.
Twitter – Shares of the tech company rose about 1% in extended trading after the Wall Street Journal reported that Apollo Global is considering participating in a takeover bid for Twitter. According to the report, Apollo could potentially help Elon Musk or another bidder raise funding for a deal.
NETGEAR — Shares of the tech company fell about 10% after the company announced first-quarter guidance that came in below StreetAccount estimates. NETGEAR said the US consumer WiFi market contracted in the first quarter of 2022 and suffered from supply chain issues related to the Covid lockdowns in China.
Super Micro Computer – IT stock is up more than 13% in extended trading after the company raised its guidance for the quarter ended March 31. Super Micro Computer raised its guidance for earnings and sales, citing strong growth in customer demand.
JB Hunt Transportation Services — Shares of the shipping company rose about 1% after a stronger-than-expected first-quarter report. JB Hunt reported earnings per share of $2.29 on sales of $3.49 billion. Analysts were expecting $1.94 per share on sales of $3.29 billion, according to Refinitiv.