GlobalFoundries shares to watch after Mubadala sells 22 million shares
GlobalFoundries fell 0.5% to $80.63 in after-hours trading on Nasdaq Thursday. The move came as majority holder Mubadala unloaded a big chunk of shares. Volume reached around 9.6 million, putting the chipmaker’s market cap close to $44.5 billion. The move landed in after-hours trading, between the 4 p.m. close and the 8 p.m. Nasdaq cutoff. After the bell, there's less liquidity, so news on a single stock can hit prices harder.