Top Movers

Lunar Deals Lift LUNR, Levi's Surges, PARA Dips in Drama

After-Market

By Athena Xu

4/3, 17:11 EDT
Levi Strauss & Co
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Key Takeaway

  • Intuitive Machines (LUNR) rose 3.2% on NASA lunar contracts, Levi Strauss (LEVI) surged 7.2% on strong Q1 results, while Paramount Global (PARA) fell 2.1% amid sale talks.
  • These movements underscore the diverse and dynamic nature of the U.S. stock market, highlighting significant trends in space exploration, fashion, and media sectors.

Spotlight on Space, Fashion, and Media

The S&P 500 Index eked out a modest gain, closing at 5,211.49, with the communications services sector leading the charge. However, the after-hours trading session brought its own drama, highlighting significant movements in the realms of space exploration, fashion, and media.

Lunar Aspirations Boost Intuitive Machines

Intuitive Machines (LUNR) saw its stock rise by 3.2% in the wake of news that it, among others, had secured NASA contracts aimed at designing and developing lunar vehicles. This development underscores the growing interest and investment in space exploration, positioning Intuitive Machines at the forefront of what could be humanity's next giant leap.

Levi Strauss Weaves Success

In the fashion sector, Levi Strauss (LEVI) reported a robust 7.2% increase in its stock value, buoyed by first-quarter sales and profit that surpassed expectations. This performance has not only bolstered investor confidence but has also led the company to project a more optimistic outlook for the full year, signaling a potential resurgence in the apparel industry.

Paramount Global Faces Uncertainty

On the media front, Paramount Global (PARA) experienced a 2.1% dip in its stock price after-hours, following a 15% climb earlier. This volatility comes amid reports that Shari Redstone, the controlling shareholder, is in preliminary talks to sell her stake to David Ellison’s Skydance Media. The potential deal introduces a layer of uncertainty around the future direction and ownership of the entertainment behemoth.