DraftKings, QuantumScape, PPG & more


The entrance from the elevators, designed to resemble a tunnel getting into a stadium, is pictured on the new DraftKings workplace in Boston on March 25, 2019.

David L. Ryan | The Boston Globe through Getty Images

Check out the businesses making headlines after the bell on Thursday:

QuantumScape — Shares of the electrical car battery producer ticked up 3% after the corporate responded to a report from short-seller Scorpion Capital. In the report, the agency known as QuantumScape a “pump and dump SPAC” rip-off. QuantumScape mentioned that Scorpion stands to financially profit from a decline in its shares. QuantumScape’s inventory dropped more than 12% in the course of the common session earlier within the day.

DraftKings — DraftKings shares rose 3% after the corporate introduced it penned a deal with the NFL to turn out to be one of many league’s official sports-betting companions. DraftKings additionally renewed its each day fantasy soccer partnership with the league.

Alcoa — Shares of the aluminum producer climbed 2% after the corporate reported better-than-expected first-quarter outcomes. Alcoa posted earnings per share of 79 cents on income of $2.87 billion. Analysts polled by FactSet anticipated earnings per share of 45 cents on income of $2.63 billion.

PPG Industries — PPG shares popped 5% after the corporate logged first-quarter outcomes that topped analyst predictions. The firm reported earnings per share of $1.88 on income of $3.88 billion. Analysts surveyed by FactSet predicted earnings per share of $1.57 on income of $3.67 billion.