Block, Netflix, Paramount, Dell: Stocks to Watch in Afterhours Trading -- WSJ

Dow Jones07:15

By WSJ Staff

Block (XYZ): The payments company founded by Jack Dorsey that includes Square and Cash App said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees. Shares surged about 30% in postmarket trading.

Dell Technologies $(DELL)$: The technology company's stock jumped 10% in afterhours trading, following a 39% increase in sales, driven in part by growth in Dell's AI server business.

MP Materials (MP): The producer of rare earth minerals posted lower revenue following its decision to cease rare earth sales to China as part of its agreement with the U.S. government. Shares edged lower.

Paramount Skydance $(PSKY)$: Paramount emerged victorious in the fight to buy Warner Bros. Discovery after Netflix $(NFLX)$ said it wouldn't match the David Ellison-led company's latest offer for the iconic Hollywood property. Netflix shares popped about 10% in postmarket trading. Paramount was up about 7%. Warner was down 2%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 26, 2026 18:15 ET (23:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment