On this picture illustration the ViacomCBS brand seen displayed on a smartphone.
Rafael Henrique | SOPA Photographs | LightRocket | Getty Photographs
Try the businesses making headlines after the bell on Monday:
ViacomCBS – Shares of the media large dipped 4.3% after the corporate introduced it’s going to promote $2 billion value of its Class B inventory and $1 billion in Sequence A most popular inventory. ViacomCBS stated it plans to make use of a number of the proceeds to put money into its streaming providers.
QuantumScape – The lithium battery firm’s shares dropped practically 4% after a Securities and Trade Fee submitting confirmed QuantumScape will promote as much as 13 million shares of Class A typical inventory.
Western Midstream Companions – Western Midstream shares inventory slid 2.8% after the power firm introduced that an affiliate of shareholder Occidental Petroleum will promote 8 million shares in frequent inventory. BofA Securities will underwrite the providing.
Raven Industries – The agriculture expertise firm’s inventory fell 8.6% on gentle quantity after Raven Industries reported weaker-than-expected fiscal fourth-quarter outcomes. Raven posted earnings per share of 1 cent on income of $80.1 million. Analysts polled by FactSet predicted earnings per share of 13 cents on income of $91.8 million.