After-Hours Stock Movers:
Tesla (NASDAQ:) declined 0.7% after falling 5.6% during the regular session following reports two key executives left the company amid plans for more layoffs. Analysts called it a ‘dark day’ for the automaker, as shares hit an 11-month low.
Macatawa Bank (MCBC) gained 40% after it and Wintrust Financial (NASDAQ:) jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.
Gildan Activewear (NYSE:) gained 1.2% after it announced preliminary first quarter sales that topped estimates. The apparel maker also reaffirmed full year guidance.
Mitek Systems (NASDAQ:) declined 7% after it published second quarter results that trailed estimates, though full year revenue guidance was about in-line with views.
Kaival Brands Innovations Group (KAVL) declined 10% after surging by 136% during the regular session.
Trump Media & Technology Group (DJT) declined 5%, extending an intraday slump of 18%, after it filed paperwork with the SEC that could allow it to sell millions of shares on behalf insiders, including the former president.
