On this picture illustration the ViacomCBS brand seen displayed on a smartphone.
Rafael Henrique | SOPA Photos | LightRocket | Getty Photos
Take a look at the businesses making headlines after the bell on Monday:
ViacomCBS – Shares of the media big dipped 4.3% after the corporate introduced it’ll promote $2 billion value of its Class B inventory and $1 billion in Sequence A most popular inventory. ViacomCBS mentioned it plans to make use of a few of the proceeds to spend money on its streaming companies.
QuantumScape – The lithium battery firm’s shares dropped almost 4% after a Securities and Trade Fee submitting confirmed QuantumScape will promote as much as 13 million shares of Class A standard inventory.
Western Midstream Partners – Western Midstream shares inventory slid 2.8% after the vitality firm introduced that an affiliate of shareholder Occidental Petroleum will promote 8 million shares in widespread 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.