After Hours Summary: AKBA +15% on license agreement news, ETSY +9% on active stake disclosures... IPDN -16%, VOXX -12% following earnings/guidance, Citi downgrade weighing on NKAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: XGTI +6.9% (thinly traded), SKLN +5.4%, DXPE +2.8% (light volume), CAPR +1.7%, VIPS +1.5%
Companies trading higher in after hours in reaction to news: AKBA +15.1% (Akebia Therapeutics enters exclusive license agreement to sell vadadustat to Fresenius Medical), ETSY +9.1% (TPG Group Holdings discloses 4.3% active stake, believes Etsy will be best served by a commitment from partners who are also focused on creating long-term value in both public and private companies), CNDT +2.6% (Icahn, Greenlight, Sessa, Soros, Scopia among names that disclosed new positions in their quarterly filings), ALDR +2.5% (initiated with Buy at Needham), ANTH +2.4% (commences screening in the RESULT Phase 3 clinical study of Sollpura for exocrine pancreatic insufficiency due to cystic fibrosis; Top line data expected end of 2017 or early 2018), SAGE +1.8% (initiated with Buy after the close at Needham), BIVV +1.1% (ValueAct, Sarissa, Baker Bros disclose new positions), JCP +0.9% (Saba Capital Management discloses new position)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IPDN -15.8%, TEAR -15%, VOXX -12%, HTGM -8.4%, PRKR -6.6%, EDIT -5.6%, VRAY -4.3%, CRME -1.7% (light volume)
Companies trading lower in after hours in reaction to news: NK -5.4% (downgraded to Sell from Neutral at Citigroup), KRNT -3% (announces the launch of an underwritten secondary public offering of 4.25 mln ordinary shares by its largest shareholder, Fortissimo Capital), DXCM -2.1% (returns to afternoon lows that were initially made as report circulated regarding Apple Watch new health feature), APD -1.4% (attributed to block trade pricing; also Pershing Square Capital / Bill Ackman disclosed decreased position and Senator Investment Group -- Alexander Klabin and Douglas Silverman -- closed out positions), FISI -1.3% (commences underwritten public offering of $40 mln of its common stock)