Video zoom, Stitch Fix, Invitae

Find out which companies are making the headlines after the Monday bell:

Zoom Video – Zoom stock fell 1.3% after the Wall Street Journal reported that founder Eric Yuan transferred around 40% of his stake in the company to two unspecified recipients. The stake is valued at around $ 6 billion.

Stitch Fix – Stocks in the styling department fell 20.8% on learning the company lowered its revenue forecast for the year. The company now expects revenue for fiscal 2021 to grow between 18% and 20%. That’s down from previous forecast of 20% to 25% growth. The company also posted mixed tax results in the second quarter. Stitch Fix posted losses per share of 20 cents on sales of $ 504 million. Analysts polled by Refinitiv were forecasting losses per share of 22 cents on revenue of $ 512 million.

Invitae – The stock of the molecular diagnostics company climbed 4.7% after Ark Investment Management founder Cathie Wood said she remained bullish on the stock. Wood added that the company was “possibly one of the most important companies in the genomic revolution.”

Del Taco – The restaurant chain’s shares rose 2.2% after the company reported better-than-expected fourth quarter results. Del Taco posted earnings per share of 20 cents on sales of $ 156.7 million. Analysts polled by FactSet were forecasting earnings per share of 14 cents on revenue of $ 156.1 million.

MoneyGram International – Shares of the money transfer company fell 6.8% on news of its end of partnership with payments and cryptocurrency firm Ripple. In a statement, Ripple said, “We still believe in the promise of digital assets and blockchain technology to change the status quo of global payments.”