After-hours buzz: Western Digital, Chemours, Chesapeake & more – CNBC
The company also appointed Mark Long to an executive vice president role, where he will succeed chief financial officer Olivier Leonetti in September. Shares of rivals Seagate Technology and Micron also moved after the news.
Chemours shares bounced after the company said it would appeal a verdict related to a cancer lawsuit. The stock closed down more than 22 percent in the regular trading session after the company was found liable for a man’s testicular cancer in a test case involving 3,500 lawsuits.
Natural gas rebounded from a one-week low Wednesday, settling up 2.2 cents, or 0.8 percent, Dow Jones reported. It came as oil prices spiked sharply in post-settle trade amid falling stock piles. Meanwhile, a nuclear power reactor north of New York City made headlines for shutting automatically. The company, Entergy, said it is investigating the cause of the shutdown, according to Reuters.
United Continental dipped in light volume after closing more than 2 percent lower in the regular trading session. Given “international macro risk,” shares of the airline company were downgraded to “neutral” by Credit Suisse on Wednesday, Dow Jones reported, prompting Barron’s to post a bearish take on airlines.
â CNBC’s Fred Imbert contributed to this report.