After Hours Summary: ATHN +21%, PIR +19%, APOG +2% following earnings/guidance, MDLZ +6% on potential KHC deal... ORIG -20% following earnings/guidance, several names lower following offering newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ATHN +21% (reaffirms FY16 guidance, issues upside FY17 rev guidance), PIR +19.4%, APOG +2.2%
Companies trading higher in after hours in reaction to news: CBIO +42.2% (Catalyst Biosciences entered into an agreement with Pfizer subsidiary Wyeth for the exclusive license to Wyeth's rights applying to CB813a & CB813d; co to make a $17.5 mln cash payment to Wyeth upon the achievement of milestones), ACUR +11.7% (announces the FDA has provided it with advice on the continued development of LTX-04; co intends to advance new formulations of LTX-04 tablets to a second pharmacokinetic study which is expected to start in late first quarter of 2017), MDLZ +6.1% / KHC +2.1% (higher on reports of potential Mondelez acquisition by Kraft Heinz)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ORIG -19.9%
Companies trading lower in after hours in reaction to news: VBTX -25.5% (commences an underwritten public offering of shares of its common stock; Veritex Holdings to merge with Dallas-based Sovereign Bancshares, Inc. and its wholly-owned subsidiary Sovereign Bank), SGY -18.6% (filed voluntary petitions under chapter 11 to pursue a pre-packaged plan of reorganization), FOLD -10.8% (announces an offering of $225 mln convertible senior notes due 2023 in a private placement), KCAP -7.9% (reduces quarterly distribution to $0.12/share from $0.15/share), GPOR -4.1% (to acquire approx. 46,400 net surface acres in the core of the SCOOP for a total purchase price of $1.85 bln from Quantum Energy Partners; commences underwritten public offering of 29,000,000 shares of its common stock and launches proposed $600 million offering of senior notes due 2025), YHOO -2.3% (confirms it has identified data security issues concerning certain Yahoo user accounts; has taken steps to secure user accounts and is working closely with law enforcement), FANG -1.8% (Diamondback Energy to acquire Brigham Resources and Brigham Resources Midstream for $2.43 bln; announces 10.5 mln share offering and notes offering; raises FY17 production 25%)