After Market Hours: IZEA, Tailored Brands, GrubHub Jumps; Hertz Slips

IZEA Worldwide, Inc. (IZEA) - Shares of the marketing company jumped nearly 13% in after-hours period on Wednesday. The firm announced on Monday that it secured a six-digit contract with a Fortune 500 Customer. The statement had sent its stock surging, giving the company its highest valuation since 2018.

Jiayin Group Inc. (JFIN) - Shares of the China-based online financial marketplace jumped about 17% after markets closed on top of its nearly 100% gain on Wednesday regular trade, despite no stock-related news to drive the shares. The company is set to report its quarterly results on Thursday.

Tailored Brands Inc. (TLRD) - Shares of the men's apparel retailer jumped nearly 19% in extended trading after the company gave a business update. The company reported preliminary first-quarter revenues of $286.7 million, which is down 60%. Analysts polled by Thomson Reuters currently estimate revenues of $399.4 million. The company said that it has re-opened 634 or 44% of its stores in the U.S. and Canada amid the coronavirus pandemic.

GrubHub Inc (GRUB) - The food delivery company jumped rose 6% in extended trading hours on Wednesday after the company announced it will be acquired by European food delivery company Just Eat Takeaway.com in an all-stock deal valued at $7.3 billion. Grubhub shareholders will receive 0.671 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share.

Hertz Global Holdings Inc. (HTZ) Shares of the car rental company tanked 13% in extended session after losing about 40% regular trading on Wednesday. The company has lost almost half of the post-bankruptcy gains after it announced that it received a delisting notice from NYSE. The stock exchange announced that Hertz's shares are "no longer suitable" for listing, after the company filed for bankruptcy.

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