A salesperson works on the floor during the Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019.
Brendan McDermid | Reuters
Examination out the companies making headlines after the bell:
Beyond Meat fell 4.52% toward the end of extended trading after information that a consumer group, the Center for Consumer Freedom, launched an ad campaign alleging many plant-based meat results could include traces of toxic chemicals. Breanne Kincaid, the center’s research director, told CNBC’s “Sybaritic Money” Thursday that some plant-based meat products are exposed to a chemical called Hexane when it is being managed. The group doesn’t know if the chemical is used in Beyond Meat’s product.
Beyond Meat declined to comment on the manoeuvres. The company is in a mandatory quiet period prior to their quarterly report. The Federal Drug Administration allows Hexane to be contribution in food under certain conditions.
Shares of PayPal fell 1.27% in extended trading after the digital payments public limited company announced that COO Bill Ready will leave at the end of the year. PayPal hit a new 52-week high during market hours on Thursday. The firm said Ready will be pursuing entrepreneurial opportunities.
“Bill will continue to work with key partners and our management team until the end of the year,” PayPal CEO Dan Schulman said in a statement. “I appreciate his commitment to PayPal and its future.”
Slack Technologies keep up to climb after hours, gaining 2.62%. The enterprise communications company’s stock rose 48.54% intraday carry out its direct listing and market debut on the New York Stock Exchange.
CrowdStrike slipped 2.14% after hours, offing the stock down to about $73. The cybersecurity company went public last week, originally pricing its apportions at $34. The stock nearly doubled during its first day of trading.