After Hours Summary: AAP +12%, ALRM +5%, PIR +5% following earnings/guidance, RPRX +17% on trial results, EQY +15% on merger news... AIMT -6%, ZOES -5% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AAP +12%, KGJI +8.9%, ALRM +5% (also names Steve Valenzuela as new CFO effective November 15), PIR +4.6% (Sept-October comps up low single digits, early Nov impacted by election but expects improvement), NOAH +2.5% (ticking higher), NWL +2.2% (ticking higher; reaffirms FY16 & FY17 guidance ahead of its presentation at the Morgan Stanley Global Consumer & Retail Conference)
Companies trading higher in after hours in reaction to news: RPRX +17% (reports topline results for both its pooled oral and vaginal delivery Phase 2 studies in the treatment of uterine fibroids; primary endpoint of induction of amenorrhea met for both pooled oral and vaginal delivery compared to placebo), EQY +14.8% (Equity One and Regency Centers Corporation confirm merger in $15.6 bln transaction), EGLE +9.2% (following 40%+ move higher today; acquires a resale 2017-built 64,000 deadweight SDARI-64 Ultramax dry bulk vessel constructed at Chengxi Shipyard Co; financial details not disclosed; scheduled to be delivered in January 2017), LOCK +4.1% (Symantec said to also be considering a potential acquisition of LifeLock, according to Bloomberg), CAKE +2.5% (light volume; enters into strategic relationship with Fox Restaurant Concepts), PRGO +1.7% (Starboard Value increases active stake to 6.2%), HCA +1.5% (authorizes $2 bln share repurchase program), CAFD +1.2% (enters into agreement to acquire 34 percent stake in 300-mw stateline solar project for $329.5 million), GEO +1.2% (Greenlight disclosed new stake), PTLA +0.9% (announces results from three substudies of the pivotal Phase 3 APEX Study of betrixaban at the AHA Scientific Sessions), EXPE +0.5% (Trivago files registration statement relating to a proposed initial public offering of American depositary shares representing Class A shares of its affiliate, travel B.V.)
Airlines lifting on Berkshire Hathaway / Warren Buffett stake disclosures: AAL +3.9%, UAL +2%, DAL +2.8% (Berkshire confirmed new stakes in quarterly filing), LUV +3.4% (reports out that Buffett's Berkshire also bought stake in Southwest)After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BETR -11.7% (also files for $100 mln mixed securities shelf offering and 45,232,632 share common stock for resale by selling stockholders), GEVO -8.7%, AIMT -6.4%, ZOES -5.1%, GLOB -3.5%, SYNC -1.8% (light volume; also files shelf registration statement under which it may from time to time issue common stock up to an aggregate amount of $40 mln), HOLI -1.2% (light volume)
Companies trading lower in after hours in reaction to news: SYN -18.9% (commences an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock), TSRO -6% (commences 1.75 mln common stock offering), STAY -3.3% (announces an underwritten secondary offering of 12,750,000 Paired Shares), ANGO -2.1% (commences 2.5 mln common stock offering by selling stockholders), TTMI -1.8% (TTM Tech's largest shareholder commences secondary offering of 12,000,000 shares of its common stock), GLNG -1.2% (commences 5.7 mln common stock offering)