Snowflake, Palo Alto Network, Penn National Gaming & more

Finance


Try the businesses making headlines after the bell

Snowflake — Promoting within the largest software program IPO continued in prolonged buying and selling with shares of Snowflake down greater than 1%. The cloud firm dropped greater than 10% in common buying and selling after hovering 111% in its market debut Wednesday.

Penn National Gaming — Shares of Penn Nationwide Gaming rose one other 1%, extending the 7% leap throughout Thursday’s common buying and selling session. The sports activities betting firm bought a lift after Stifel hiked its price target to $85 per share from $47 per share, saying its “Portnoy Momentum Commerce” nonetheless has room to run. The agency referred to Barstool Sports activities, a sports activities media firm led by Dave Portnoy, through which Penn Nationwide made a big funding earlier this 12 months.

Dave & Buster’s Entertainment —  Shares of the restaurant and arcade chain rebounded from steep losses in after-hours buying and selling, up greater than 2%. Earlier, the inventory dropped 26% after Wall Road Journal reported the corporate warned of chapter if an settlement cannot be reached with lenders.

Palo Alto Network — Shares of Palo Alto Community gained barely after the cybersecurity agency introduced it has accomplished its acquisition of The Crypsis Group. Palo Alto Networks paid roughly $265 million in money, excluding buy worth changes, to accumulate the safety advisory agency.

Eastman Kodak — Shares of Eastman Kodak climbed greater than 3% after leaping greater than 25% in common buying and selling hours. The images pioneer’s inventory has soared greater than 67% this week alone after an impartial overview cleared the corporate government of insider buying and selling allegations. Nonetheless, Home lawmakers on Thursday raised doubts about the internal review surrounding Kodak’s disclosure a couple of deliberate $765 million federal mortgage.

Correction: Snowflake dropped greater than 10% in common buying and selling Thursday. An earlier model misstated the proportion. 

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