GP: A brand of a Virgin Galactic is seen exterior the constructing throughout the firm’s first day of buying and selling on the New York Stock Change (NYSE) on October 28, 2019 in New York Metropolis.JOHANNES EISELE | AFP | Getty ImagesCheck out the businesses making headlines after the bell.Virgin Galactic — Shares of the area journey firm climbed 5% in prolonged buying and selling after Virgin Galactic efficiently accomplished its second glide flight take a look at in New Mexico on Thursday. The corporate stated it’s now getting ready for full rocket-powered take a look at flights and expects to start business operations this summer time. Virgin Galactic additionally stated it goals to be worthwhile by 2021.Nike — The athletic attire producer’s stock dropped 3% in prolonged buying and selling after the corporate launched its fourth-quarter monetary outcomes. Nike reported a lack of 51 cents per share on income of $6.31 billion, whereas analysts estimated earnings of seven cents per share on income of $7.32 billion, based on Refinitiv. The corporate stated it had a year-over-year gross sales decline of 38%, as its enterprise suffered amid retailer closures necessitated by the coronavirus pandemic. Fb — The social media large’s stock went down greater than 1% in prolonged buying and selling after Verizon stated it was pulling promoting from Fb and Instagram. Final week, six organizations, together with the NAACP, referred to as on firms to tug promoting from Fb in July to “to point out they won’t help an organization that places revenue over security.” Ben & Jerry’s, REI and Patagonia have all paused adverts on Fb, and Verizon stated it might not resume promoting till the social media platform “can create an appropriate answer that makes us comfy.”American Airways — The airline noticed its stock dip greater than 1% after the closing bell. Airways for America, a commerce group that represents American as effectively different main airways, introduced Thursday that its member carriers have pledged to refund tickets to passengers who’ve elevated temperatures and are denied flight boarding within the occasion that federal authorities mandate temperature checks at airports. United Airways and JetBlue Airways, which additionally belong to the group, additionally noticed their shares transfer in after-hours buying and selling. Shares of United dropped about 1% whereas shares of JetBlue climbed 1%.Wells Fargo — The bank’s stock tumbled 3% in prolonged buying and selling after the Federal Reserve stated Thursday that large banks might be required to droop share buybacks and cap dividend funds at their present degree for Q3 of 2020. The restrictions adopted the Fed’s annual stress take a look at, which the regulator stated indicated that a number of banks might get uncomfortably near minimal capital ranges in eventualities tied to the coronavirus pandemic. The Fed additionally stated it might solely permit dividends to be paid primarily based on a formulation associated to a bank’s current earnings. Bank of America, Goldman Sachs and JPMorgan Chase additionally noticed their shares fall after the announcement.MGM Resorts — The on line casino operator’s stock fell 1% after the market closed. On line casino stocks have confronted stress amid rising coronavirus circumstances within the U.S. Beginning Friday, individuals in Las Vegas should begin carrying masks in public after a brand new mandate from Nevada Gov. Steve Sisolak.
