Pre-Market Stocks: Herbalife Ltd. (NYSE:HLF), AutoZone, Inc. (NYSE:AZO), Yahoo! Inc. (NASDAQ:YHOO)
Dallas, Texas, 09/24/2014 (ustrademedia) – Herbalife Ltd. (NYSE:HLF) stock continued to rise following the high drama across the data. Earlier a Barron’s report, released prior to closing bell announced that activist investor in the multi-level marketing company, Carl Icahn, was expected to either sell or rework his position in the micro-nutrient stock. The drama played out as in the post-close trading hours Carl Icahn done neither of the predictions. However, Herbalife continued to rise on the stock markets, comfortably poised at 4% higher when Charles Gasparino, a reporter at Fox Business Network, filed news.
In the extended hours of trading on Monday, there were stock movements reported by several other stocks as well.
AutoZone, Inc. (NYSE:AZO) which retails auto parts was the first to be affected by the economic turnaround. The spare parts retailer of automotive parts found itself reporting lesser than expected quarterly revenues. The US economy has been marking turnaround in recent weeks on the basis of which there have been higher vehicle purchases instead of falling-back on repairs and replacements.
Alibaba Group Holding Ltd (NYSE:BABA) and co-player Yahoo! Inc. (NASDAQ:YHOO) continued their downward slide in the stock market. For Yahoo the slide began when investment firm Bank of America Merrill Lynch and analysts Bernstein preferring to downgrade the stock. The slide in the extended-hours after trading continued even as it posted loss of 5% during the trading hours. Co-partner Alibaba too reported decline in stock prices, relatively higher than that of Yahoo! Inc. Alibaba Group Holding Ltd (NYSE:BABA), the Chinese ecommerce giant has had a successful IPO launch on Friday and appears to be all set to brave US browser plays soon. Banking firms Credit Suisse and Goldman Sachs, designated underwriters of the IPO, for Alibaba continued a flat ride on the stock markets remaining unaffected by Alibaba’s slide on the stock markets, during and the extended-trading hours as well.