|10 most active stocks on Island ECN (5:00 p.m. EDT)|
|Nasdaq 100 Tracking Stock (QQQ)||40.25||N/A||89,629|
|iBeam Broadcasting (IBEM)||0.19||0.00||88,642|
|Exodus Communications (EXDS)||1.80||-0.02||50,562|
|Brocade Communications (BRCD)||32.79||0.00||34,653|
|Cisco Systems (CSCO)||18.33||0.00||34,035|
|JDS Uniphase (JDSU)||8.85||+0.08||28,469|
|Palm, Inc. (PALM)||4.28||0.00||21,933|
|Cima Labs (CIMA)||54.03||+0.03||21,000|
After-hours trading remained relatively light, capping off a week where the extended session has been pretty quiet overall. Lacking any major news items propelling the stocks either way, many strangers to the extended session paid a visit to the after-hours party.
Companies such as Apria Healthcare Group ( AHG), Gentex Corporation ( GNTX), and Plug Power ( PLUG) all traded in light volume and produced little movement, except for Apria, which dropped 4.8%. The company had gained 7% during the day after reporting Thursday that second-quarter revenue had increased over the previous year. Amylin Pharmaceuticals ( AMLN) said preliminary testing data of one of its drugs to treat Type 2 diabetes showed lowered incidence of nausea for those that take the drug. Amylin was the number one mover on the Instinet 20 most active after-hours stocks, but remained unchanged at $7.60, 40 minutes into the extended session on just over 500,000 shares changing hands. Mykrolis ( MYK) was off 2.8%, to $15.80 in the extended session, after its trading debut during the regular session. The company, which was spun off by Millipore Corp. ( MIL), closed at $16.25, below its open price of $17.25, but above its offering price of $15. Oracle ( ORCL) was gaining back some of the ground lost during the regular session as shares were up 0.3% to $15.21 in the extended session. Friday morning, Goldman Sachs analyst Rick Sherlund cut his earnings estimate for 2002 by 2 cents. During the regular session, investors didn't like what they heard as shares fell 83 cents, or 5.2% to close at $15.16. After dropping 2.4% in the regular session, Nortel Network Corp. ( NT) was up 0.3%, to $7.40 in the extended session. Earlier in the day the company said it sold $1.5 billion of convertible notes. Other than the newcomers, the regulars also made an appearance. Cisco ( CSCO) and Sun Microsystems ( SUNW) were slightly up, Intel ( INTC) was even, and Microsoft ( MSFT) was slightly down all on light volume.
Island ECN offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST. Confused? TheStreet.com explains how the rules change when the sun goes down in
Investing Basics: Night Owl , a section devoted to after-hours trading.