In this photo illustration, the ViacomCBS logo displayed on a smartphone.
Rafael Henrique | SOPA images | LightRocket | Getty Images
Check out the companies making headlines after the bell on Monday:
ViacomCBS – The media giant’s shares fell 4.3% after the company announced it would sell $ 2 billion in Class B shares and $ 1 billion in Series A preferred shares. ViacomCBS said it plans to use part of the proceeds to invest in your streaming services.
QuantumScape – Shares in the lithium battery company fell nearly 4% after a Securities and Exchange Commission lawsuit showed that QuantumScape will sell up to 13 million Class A common shares.
Western Midstream Partners – Western Midstream’s shares fell 2.8% after the energy company announced that an affiliate of shareholder Occidental Petroleum will sell 8 million common shares. BofA Securities will subscribe to the offer.
Raven Industries – Agricultural technology company shares fell 8.6% in light volume after Raven Industries reported weaker-than-expected fiscal results in the fourth quarter. Raven reported earnings per share of 1 percent on revenue of $ 80.1 million. Analysts surveyed by FactSet predicted earnings per share of 13 cents on revenue of $ 91.8 million.