Newcastle Investment (NCT) fell by 19 cents, or 7.1%, to $2.49 in Wednesday's after-hours session after the company said it will not pay a second-quarter dividend to common stock and preferred stock shareholders, electing instead to retain the capital for liquidity, investment and working capital purposes. The three-month average daily volume for Newcastle Investment is 800,000, according to Yahoo! Finance.
Christopher & Banks (CBK - Get Report) gained 31 cents, or 5%, to $6.50 after the close of trading Wednesday as the retailer reported a first-quarter profit of 18 cents a share on sales of $126.2 million, compared with analysts' estimates for earnings of 12 cents a share on revenue of $128 million. The three-month average daily volume for Christopher & Banks is 281,000.
-- Written by Robert Holmes in Boston.