By Brooks McFeely:
Below is a brief recap on each of the top-volume, news-driven movers in Thursday’s after hours, taking a look at specific stocks’ after hours movement and how that trade may offer insight into potential floor supports, ceilings and trading ranges that could develop in Friday’s pre-market and early regular session.
DOWNSIDE MOVERS
Starbucks (SBUX) edged 2.1% lower to 47.30 in Thursday’s evening action after beating Q1 expectations but also guiding for 2012 EPS results just below the Street view. SBUX was a volatile mover at the start of after hours trade, swinging between a high of 49.20 and a low of 46.91. It eventually settled in a modest downside range between 48 and 47.18