Stocks saw mixed trading after the bell Wednesday, and among the big winners was WCI Communities( WCI).
Shares soared 18.9% after the battered homebuilder said it had succeeded in modifying, suspending, or waiving certain covenants in its senior secured revolving credit and term loan agreements through June 30 of next year.
Florida-based WCI also said it had cut down the total commitment available under the revolving credit contract and converted part of it to non-revolving status. The firm furthermore reduced the outstanding amount owed under the term loan agreement and bumped up the pricing on the loans, it said. Shares were up 46 cents to $2.90 in recent late trading.
, of Oklahoma City, upped its 2008 production guidance to 95 billion cubic feet of natural gas equivalent, up 3 Bcfe from its last outlook. The company also raised its capital expenditure budget for the year to $1.25 billion from the prior $1.1 billion. Shares were recently up 1.5% to $32 in light extended trading.
And electronics retailer
gained 1.3% after
hiring John Harlow as chief operating officer. Shares of the Richmond, Va., company were trading a nickel higher at $3.79.
Other late winners included chipmaker
, recently up 1.9% to $11.19; fellow tech name
( JAVA), which tacked on 1% to $15.68; and metals miner
, lately up 1.8% to $9.11.
As for after hours losers, molybdenum miner
lost 2.1% to $9.58; chipmaker
gave up 1.8% to $25.13; and retailer
Dick's Sporting Goods
was off 1.1% to $27.71 in recent trading.