Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more

Market Insider

A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell

Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company’s third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Revenue came in at $1.62 billion, and the company also increased its stock buyback program to $250 million.

Dollar Tree — The bargain retailer gained more than 1% after the company said it will resume its share repurchase program. Dollar Tree currently has $800 million remaining under the Board’s previously authorized program, which was suspended in March 2020 in repose to uncertainties around Covid-19. 

New Residential Investment — Shares of the REIT advanced 5% after the company said it was increasing its quarterly dividend by 50%. The new dividend, which will be distributed on October 30, will be 15 cents.

Tesla — Shares of the electric vehicle company slid 1%, building on the stock’s 10.34% decline during the normal trading session. The steep loss followed the company’s “Battery Day,” during which CEO Elon Musk announced production developments including a more than 50% reduction in the cost of battery manufacturing. 

 Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Articles You May Like

Tell your adult children about your wealth — just don’t tell them everything
The Fed’s job is not to boost the stock market. Here’s what it should be doing.
Strong Earnings Should Keep Stocks on a Winning Path
The ‘next important test for AI bulls’ happens this week with Nvidia’s earnings
The Champions League’s round of 16 is set. Here’s how much money soccer clubs like Real Madrid are getting to compete in the rest of the tournament.