Stocks making the biggest moves after the bell: ViacomCBS, QuantumScape & more

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.

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