Finance News

Shares Making The Greatest Strikes After Hours: Tesla, Greenback Tree, Jefferies Monetary Group & Extra

A Tesla Inc. vehicle is charged at a charging station in San Mateo, California, United States on Tuesday, September 22, 2020.

David Paul Morris | Bloomberg | Getty Images

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

Jefferies Financial Group – The financial services company's shares rose more than 14% following the company's third quarter results. Jefferies made $ 1.07 per diluted share, down from 15 cents in the year-ago quarter. Revenue was $ 1.62 billion and the company increased its share buyback program to $ 250 million.

Dollar Tree – The bargain hunter rose more than 1% after the company announced it would resume its share buyback program. Dollar Tree currently has $ 800 million left under the Board of Directors' previously approved program that was suspended in March 2020 due to uncertainties surrounding Covid-19.

New Residential Investments – The REIT's shares rose 5% after the company announced it would increase its quarterly dividend by 50%. The new dividend, which will be distributed on October 30th, is 15 cents.

Tesla – The electric vehicle maker's shares were down 1%, building on the stock's 10.34% decline during the normal trading session. The sharp loss followed the company's "Battery Day," when CEO Elon Musk announced production developments, including a 50% reduction in battery manufacturing costs.

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