Finance News

Shares Making The Greatest Strikes By The Hour: Snowflake, Palo Alto Community, Penn Nationwide Gaming & Extra

Check out the companies that are making headlines after the bell:

Snowflake – The largest software IPO sale continued in expanded trading, with Snowflake shares falling more than 1%. The cloud company was down more than 26% in regular trading after rising 111% on its market debut on Wednesday.

Penn National Gaming – Penn National Gaming's shares rose another 1%, extending the 7% gain during Thursday's regular trading session. The sports betting company received a boost after Stifel raised its price target from $ 47 per share to $ 85 per share, saying its "Portnoy Momentum Trade" still had room to run. The company referred to Barstool Sports, a Dave Portnoy-led sports media company in which Penn National had made a significant investment earlier this year.

Dave & Buster & # 39; s Entertainment – The restaurant and arcade chain's stocks rebounded more than 2% from heavy losses in over-the-counter trading. Previously, the stock fell 26% after the Wall Street Journal reported the company warned of bankruptcy if it couldn't reach an agreement with lenders.

Palo Alto Network – Shares in Palo Alto Network rose slightly after the cybersecurity firm announced it had completed the acquisition of Crypsis Group. Palo Alto Networks paid approximately $ 265 million in cash, with no purchase price adjustments, to acquire the security consulting firm.

Eastman Kodak – Eastman Kodak's shares rose more than 3% after rising more than 25% in regular trading hours. The photography pioneer’s shares are up more than 67% this week alone after an independent review cleared the company's CEO of insider trading allegations. However, House lawmakers on Thursday expressed doubts about Kodak's internal review of disclosure of a proposed $ 765 million federal loan.

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