In this photo illustration, the ViacomCBS logo is displayed on a smartphone.
Rafael Henrique | SOPA Pictures | LightRocket | Getty Images
Check out the companies making headlines on Monday after the bell:
ViacomCBS – The media giant’s shares fell 4.3% after the company announced it would sell $ 2 billion in Class B shares and $ 1 billion in Series A preference shares. ViacomCBS plans to use part of the proceeds to invest in its streaming services.
QuantumScape – The lithium battery company’s shares fell nearly 4% after a filing by the Securities and Exchange Commission found QuantumScape will sell up to 13 million Class A common shares.
Western Midstream Partners – Western Midstream shares were down 2.8% after the energy company announced that a subsidiary of shareholder Occidental Petroleum will sell 8 million shares of common stock. BofA Securities will subscribe to the offer.
Raven Industries – The agro technology company’s stock fell 8.6% on low volume after Raven Industries reported weaker-than-expected fourth-quarter results. Raven had earnings per share of 1 cent on sales of $ 80.1 million. Analysts polled by FactSet forecast earnings per share of 13 cents on sales of $ 91.8 million.