Cloud data warehouse company Snowflake is promoted at the Nasdaq MarketSite, Wednesday, Aug. 5, 2020, in New York’s Times Square.
Mark Lennihan | AP
Check out the companies making headlines after the bell:
Snowflake — Selling in the biggest software IPO continued in extended trading with shares of Snowflake down more than 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. The cloud company dropped more than 26{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in regular-hours trading after soaring 111{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in its market debut Wednesday.
Penn National Gaming — Shares of Penn National Gaming rose another 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, extending the 7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} jump during Thursday’s regular trading session. The sports betting company got a boost after Stifel hiked its price target to $85 per share from $47 per share, saying its “Portnoy Momentum Trade” still has room to run. The firm referred to Barstool Sports, a sports media company led by Dave Portnoy, in which Penn National made a significant investment earlier this year.
Dave & Buster’s Entertainment — Shares of the restaurant and arcade chain rebounded from steep losses in after-hours trading, up more than 2{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. Earlier, the stock dropped 26{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after Wall Street Journal reported the company warned of bankruptcy if an agreement can’t be reached with lenders.
Palo Alto Network — Shares of Palo Alto Network gained slightly after the cybersecurity firm announced it has completed its acquisition of The Crypsis Group. Palo Alto Networks paid approximately $265 million in cash, excluding purchase price adjustments, to acquire the security advisory firm.
Eastman Kodak — Shares of Eastman Kodak climbed more than 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after jumping more than 25{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in regular trading hours. The photography pioneer’s stock has soared more than 67{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} this week alone after an independent review cleared the company executive of insider trading allegations. However, House lawmakers on Thursday raised doubts about the internal review surrounding Kodak’s disclosure about a planned $765 million federal loan.
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