The stocks of the following companies are expected to see active trading in Tuesday’s session. Gulfport Energy Corporation (NASDAQ:GPOR), Galena Biopharma Inc. (NASDAQ:GALE), RAIT Financial Trust (NYSE:RAS), Sanderson Farms Inc. (NASDAQ:SAFM), Boeing Co. (NYSE:BA) and Allstate Corporation (NYSE:ALL).
Gulfport Energy Corporation (NASDAQ:GPOR): Plans are in the pipeline to purchase additional oil and gas assets in Utica Shale for $300 million. Gulfport Energy Corporation (NASDAQ:GPOR) is preparing to raise capital through a stock offering in order to finance the deal. Shares plunged for a total of 3.9 percent to $37.50 during after hours trading.
Galena Biopharma Inc. (NASDAQ:GALE): Galena Biopharma Inc. (NASDAQ:GALE) is offering a currently undisclosed number of warrants and stocks, and will use the collected funds to conduct clinical trials of three specific molecules: NeuVax, Protein-E39 and trastuzumab. A portion of the proceeds be used for general corporate purposes as well the company said. In after hours trading, shares of the pharmaceutical company declined 23 percent overall to $1.44.
RAIT Financial Trust (NYSE:RAS): Nine million shares are being offered by the real estate trust in an attempt to raise funding for various investment opportunities as well as general corporate purposes. Recently, RAIT Financial Trust (NYSE:RAS) had a total of 49.9 million outstanding shares. Shares dipped to 5.5 percent in after hours trading, falling to $5.65.
Sanderson Farms Inc. (NASDAQ:SAFM): Better than expected net income has been reported by the company, totalling $9.3 million, or 41 cents per share for Q4 of 2012 ending October 31. During the same quarter of last year, the company had incurred $21.6 million, or 97 cents per share in losses. The Laurel, Mississippi-based poultry company reported a jump in quarterly revenues to $648.4 million from $559.8 million in the same period last year. Shares gained 0.06% to $49.77 at closing yesterday.
Boeing Co. (NYSE:BA): Boeing Co. (NYSE:BA)’s board has increased the company’s quarterly dividend payout by 10 percent leading to 48.5 cents per share, payable on March 8, 2013 to shareholders on record of February 15, 2013. Boeing Co. (NYSE:BA)’s board has also approved a share repurchase program of approximately $1.5 billion to $2 billion that will be completed by the end of 2013. Boeing Co. (NYSE:BA) shares fell 0.20 percent to $74.50 in after hours trading.
Allstate Corporation (NYSE:ALL): The Northbrook, Ill.-based insurance company reports that its board has approved a share buyback program totalling $1 billion next year, in an attempt to improve shareholder returns. Allstate Corporation (NYSE:ALL) plans to repurchase stocks in open market transactions. The insurer plans to raise funding for the buyback by issuing $1 billion in subordinated debt.