Stocks moving in after hours: Bed Bath & Beyond, Weber, Bill.com, Ross Stores, Applied Materials

Yahoo Finance Live anchor Seana Smith checks out several trending stocks making moves in after-hours trading.

Video Transcript

- Seana has our market movers now.

SEANA SMITH: All right. Thanks, Dave. Let's start things off with Bed, Bath & Beyond. The stock is tanking here after hours. Lot of that has to do with the fact-- or the sole reason it is, actually, off just about 36% is that Ryan Cohen the activist, investor, the GameStop chairman, completing the planned sale of his stake in Bed Bath & Beyond.

Now, he had about an 11.8% stake in the company, sold it over the last three days. Although, as you can see on the chart, it's been a very volatile couple of days here for the stock. Started right above 15 bucks a share, got up to just under 30, then came back to just above 15 bucks a share. So you have to wonder exactly when he got out.

Let's take a look at a one-month chart first, because this stock has really been off to the races in the past month, up 274%. Month to date, though, up just around 230%. Flipping it over to Weber. Now this stock is on the move, on the heels of the fact that it is one of the highly shorted stocks in the company, sticking with the meme place here. You can see shares off just about 2%.

It had skyrocketed in earlier trading here. Closed the day in the green, now we're at right around 9.80 here. A move to the downside, certainly an active name in after hours and one you're going to want to keep an eye on here as we head to tomorrow's opening bell.

Bill.com, a mover here in after hours, coming out with quarterly results soaring on the strong numbers that we got. We can see shares up nearly 20%. The Street's happy with the strong results of revenue guidance, revenue for the quarter up 156% compared to a year ago.

Let's move on here for Ross Stores. Not a heck a lot of movement here in after hours, but it's important to keep a close eye on the retail sector since so many of these larger names have been reporting over the last couple of days. So the numbers that we got from Ross Stores. Second quarter comp sales declining 7% during the quarter.

That was actually better than what the Street was expecting. The Street was looking for a decline of 6%, third quarter revenue guidance missing. They also cut their full year guidance. So some worry here amongst executives here from Ross Stores. A couple of things noting in their earnings release that they are facing a very difficult and uncertain macroeconomic environment. We talk about the impact that inflation has had on so many of these names. Over the past month, though, Ross Stores has actually done OK, with the stock up just about 16%.

Let's round things out with Applied Materials, moving after hours on the heels of its results sales of $6.5 billion during the quarter, beating the Street's estimates. Adjusted per share also topping what we were looking for.

Top priority for the company going forward here in this quarter is increasing shipments to customer. Supply chain still a huge issue for Applied Materials, constrain their ability to meet demand in the most recent quarter. It has been a tough year for the stock, taking a look at shares from the start of the year, off just about 31%. Dave.