After-hours movers: MicroStrategy, GitLab, AeroVironment and more
After-Hours Stock Movers:
MicroStrategy (Nasdaq: MSTR) declined 5.5% after it announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.
GitLab Inc (GTLB) declined 9% after it issued guidance for the first quarter and full year that trailed estimates.
AeroVironment (NASDAQ:AVAV) climbed 15% after the drone maker reported results that topped estimates and issued guidance.
Paymentus Holdings Inc. (PAY) climbed 15% after it reported strong results to end 2023, beating estimates on the top and bottom line.
Albemarle Corporation (NYSE:ALB) declined 9% after it commenced an offering of $1.75 billion of depositary shares, each representing a 1/20th interest in a share of Series A Mandatory Convertible Preferred Stock of the Company, in an underwritten registered public offering.
BridgeBio Pharma, Inc. (Nasdaq: NASDAQ:BBIO) declined 4% after it commenced an underwritten public offering of $250 million of shares of its common stock.
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