The elevator entrance, which resembles a tunnel leading into a stadium, is pictured in the new DraftKings office in Boston on March 25, 2019.
David L. Ryan | The Boston Globe via Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
QuantumScape Electric vehicle battery maker shares rose 3% after the company responded to a report from short seller Scorpion Capital. In the report, QuantumScape named a “Pump and Dump SPAC” scam. QuantumScape said Scorpion will benefit financially from a decline in its stake. QuantumScape’s stock fell more than 12% earlier in the day during the regular session.
DraftKings – DraftKings shares rose 3% after the company announced it would written a deal with the NFL to become one of the league’s official sports betting partners. DraftKings also renewed its daily fantasy football partnership with the league.
Alcoa The aluminum maker’s shares rose 2% after the company reported better-than-expected results for the first quarter. Alcoa had earnings per share of 79 cents on sales of $ 2.87 billion. Analysts polled by FactSet expected earnings per share of 45 cents on sales of $ 2.63 billion.
PPG Industries – PPG shares fell 5% after the company posted first quarter results that beat analysts’ forecasts. The company reported earnings per share of $ 1.88 on sales of $ 3.88 billion. Analysts polled by FactSet forecast earnings per share of $ 1.57 on sales of $ 3.67 billion.