Check out the companies making headlines after the bell:
Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is selling its minority stake in Hulu. AT&T is selling its 9.5% stake in Hulu, valued at $1.43 billion, back to the streaming service. AT&T said it will use the proceeds from the transaction to reduce its debt. Hulu is valued at around $15 billion.
American Airlines shares ticked 1% higher after the bell Monday. On Sunday the airline said it is cancelling all Boeing 737 Max flights through August 19, affecting about 115 flights per day. The Boeing-made aircraft is still grounded and it is unclear when the fleet will return to air.