In this photo illustration, the ViacomCBS logo displayed on a smartphone.
Rafael Henrique | Images SOPA | LightRocket | fake images
Take a look at the companies making headlines after Monday’s bell:
ViacomCBS – The media giant’s shares fell 4.3% after the company announced that it will sell $ 2 billion in Class B shares and $ 1 billion in Series A preferred shares. ViacomCBS said it plans to use part of the proceeds to invest in their streaming services.
QuantumScape: Shares in the lithium battery company fell nearly 4% after a Securities and Exchange Commission filing showed QuantumScape will sell up to 13 million Class A common shares.
Western Midstream Partners – Shares of Western Midstream shares fell 2.8% after the power company announced that a subsidiary of Western Petroleum shareholder will sell 8 million common shares. BofA Securities will underwrite the offer.
Raven Industries: Shares of the agricultural technology company fell 8.6% by reduced volume after Raven Industries reported weaker-than-expected fourth-quarter fiscal results. Raven posted earnings per share of 1 cent on revenue of $ 80.1 million. Analysts surveyed by FactSet predicted earnings per share of 13 cents on revenue of $ 91.8 million.