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 with the Securities and Exchange Commission found QuantumScape will sell up to 13 million Class A common shares.
Western Midstream Partner Western Midstream shares fell 2.8% after the energy company announced a subsidiary of the shareholder Occidental Petroleum will sell 8 million shares of common stock. BofA Securities will subscribe to the offer.
Raven Industries – Shares in the agro technology company fell 8.6% on low volume after Raven Industries reported weaker than expected results for the fourth quarter of the fiscal year. 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.