Stocks making the biggest moves after hours: GameStop, Lucid Group, RH & more

Check out the companies making headlines in after-hours trading:

GameStop — Shares of the video game retailer slid 4% in extended trading Wednesday following the company's third-quarter results. GameStop said its net loss grew to $105.4 million, up from $18.8 million a year earlier.

Lucid Group — Lucid's stock declined more than 6% after the company announced a proposed convertible senior notes offering. The offering, which is subject to market and other conditions, would be for $1.75 billion.

Rent the Runway — Shares of the clothing rental company declined 9% after Rent the Runway posted a wider-than-expected loss during the third quarter. The company's net loss during the period nearly doubled to $87.8 million, up from $44.3 million in the same quarter a year ago.

RH — The retailer's stock jumped 11% after the company beat top- and bottom-line estimates during the third quarter. RH earned $7.03 per share, excluding items, on $1.01 billion in revenue. The Street was expecting $6.63 per share on $984 million in revenue, according to estimates compiled by Refinitiv.

I-70 reopens after Eisenhower-Johnson Tunnels lose power

FRISCO — Interstate 70 reopened after a possible wind gust knocked out power to the Eisenhower-Johnson Tunnels Sunday afternoon.

Eastbound lanes were closed from the Frisco exit to Loveland Pass. The westbound lanes were closed from Loveland Pass to Frisco. Both directions reopened around 3 p.m.

A CDOT spokesperson said the power inside the tunnels went out just before 1 p.m. The cause of the failure is not known, but it could be wind-related, the spokesperson said.

Story originally reported by our partner site

TUI Group Posts Narrower Loss In FY21 – Quick Facts

TUI Group reported that 5.4 million guests travelled with TUI in fiscal year 2021. The company said its operating business is back and has recovered significantly in the last quarter of fiscal 2021. The first quarter of 2022 is already booked at 93 percent. Booking level for fiscal 2022 is at 4.1 million, the company said.

For the period from 1 Oct 2020 to 30 Sep 2021, underlying EBIT was negative at 2.07 billion euros compared to a negative adjusted EBIT of 3.00 billion euros, prior year. Group loss attributable to shareholders narrowed to 2.47 billion euros from a loss of 3.15 billion euros, prior year. Revenue declined to 4.73 billion euros from 7.94 billion euros.

TUI said it is close to reaching break-even in terms of underlying EBIT at 97 million euros in fourth quarter 2021. The company almost tripled fourth quarter revenue year-on-year to 3.5 billion euros from 1.2 billion euros, last year.

Gold Futures Settle Modestly Higher

Gold futures settled higher on Tuesday, although gains were just modest as investors continued to pick up equities amid easing worries about the impact of the Omicron variant of the coronavirus on the global economic recovery.

The U.S. dollar remained fairly steady and U.S. Treasury yields rose amid rising expectations that the Federal Reserve could tighten policy more aggressively to tame inflation.

Comments by Fed officials suggest that the U.S. central bank is likely to decide to double the pace of its taper to $30 billion a month at its December meeting.

The dollar index, which climbed to 96.59 in early New York trading, subsequently pared some gains and was up 96.43 nearly a couple of hours past noon. The dollar index had settled at 96.33 on Monday.

Gold futures for February ended up by $5.20 or about 0.3% at $1,784.70 an ounce, the highest settlement in nearly two weeks. Gold futures dropped to a low of $1,772.40 an ounce in the session.

Silver futures for March ended higher by $0.260 at $22.523 an ounce, while Copper futures for March settled at $4.3395 per pound, up $0.0020 from the previous close.

According to reports, experts are of the view that the new virus variant, with more than 30 mutations on its spike protein, may not be as dangerous as the Delta and Alpha and other variants of coronavirus.

British drug maker GlaxoSmithKline announced today that its antibody-based Covid-19 therapy, developed in collaboration with Vir Biotechnology in the United States, is effective against all mutations of Omicron.

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European Economics Preview: Eurozone Final Factory PMI Data Due

Final Purchasing Managers’ survey results from euro area and house prices from the UK are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to climb 9.3 percent annually after rising 9.9 percent in October.

In the meantime, Destatis releases Germany retail sales data for October. Sales are expected to grow 1 percent on month, reversing a 2.5 percent fall in September.

Half an hour later, Swiss consumer price data is due. Inflation is seen at 1.4 percent in November versus 1.2 percent in October.

At 3.00 am ET, GDP and producer price data from Hungary and unemployment from Austria are due.

At 3.15 am ET, IHS Markit is scheduled to issue Spain’s manufacturing PMI data. The factory PMI is expected to rise to 57.9 in November from 57.4 in October.

At 3.45 am ET, Italy’s factory PMI data is due. Economists expect the index to remain unchanged at 61.1 in November.

Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final manufacturing PMI survey data is due. The index score is seen at 58.6, in line with flash estimate.

At 4.30 am ET, UK final Markit/CIPS factory PMI survey data is due. According to flash estimate, the factory PMI rose to 58.2 in November from 57.8 a month ago.