After-hours movers: AT&T, Tesla, DocuSign and more

investing.com:

After-Hours Stock Movers:

AT&T (NYSE:T) stock climbed 1.1%, paring an intraday loss of 3.75% after investors were spooked by concerns about liability over lead-sheathed phone cables. According to the Wall Street Journal, the EPA recently asked telecom executives to meet with the agency about the cables. Peer Verizon (NYSE:VZ) was lower by 3% during the regular session.

Tesla (NASDAQ:TSLA) was lower by 0.4% after earlier falling 2.9%. According to Reuters, the EV maker will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11 do to a lack of components because of attacks on vessels in the Red Sea.

DocuSign Inc . (NASDAQ:DOCU) was lower by 0.5%, paring a regular session gain 9.3%. The stock surged after Reuters reported that two private equity firms are vying to acquire the company.

Cytokinetics (NASDAQ:CYTK) shares climbed 1% after plunging 16% intraday on concerns a deal for the late-stage biopharmaceutical company won’t materialize after interest from Novartis (NVS) cooled. An agreement with Novartis was expected as soon as this week but the drug giant backed away in recent days, according to Wall Street Journal sources.

Flexsteel Industries (FLXS) stock gained 11% after it announced preliminary second quarter sales of $100.1 million compared to $93.1 million in the prior year quarter. Third quarter sales are expected to grow 2% to 7% year-over-year to $101 million to $106 million.

By Louis Juricic