Market Insider

After-hours buzz: Apple, RGR, Foot Locker & more

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

Check out companies making headlines after the bell Monday:

Apple shares edged lower in light trading after reports the Justice Department had hacked an iPhone used by a terrorist. The DOJ said Monday it would withdraw legal action against the tech giant, which had been stalled as the government agency worked with a third party to crack the password of the shooter in December's San Bernardino, California, attack.

Apple had refused to unlock the phone for the government in a high-profile standoff, citing cybersecurity risks and overstep of the law.

The Apple Store in Grand Central Station in New York City.
Govt successfully breaks into San Bernardino shooter's iPhone

Shares of gunmaker Sturm, Ruger & Company rose as Wall Street digests news from before the holiday weekend. The company faced an investigation into its disclosure of liability risks, the New York Times reported last week. Meanwhile, consumers were on edge after a series of terror attacks across the world.

Shares of Foot Locker popped after the bell after an announcement it would join the S&P 500. The footwear and athletic retailer will replace oil and gas equipment company Cameron International.

Enterprise IT company Synnex saw shares dip in extended trading Monday despite posting better-than-expected quarterly earnings. The company reported adjusted earnings of $1.37 per share, higher than the $1.36 expected by Wall Street, according to the Associated Press. The Fortune 500 tech company, which specializes in supply chains and customer relationship management, saw sales fall for its technology solutions segment.

Shares of Medivation dipped after the bell after the company announced a new chief financial officer. Jennifer Jarrett will replace Rick Bierly, who will retire, according to a company statement. Medivation is the company behind Xtandi, a prostate cancer treatment.