After Hours Summary: Biden unveiling $1.9 trillion stimulus plan is the key headline after hours; encouraging to see SAP +2.7% guide Q4 revs above consensus; TUFN +20.1% jumps on bullish guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TUFN +20.1% (guides Q4 revenue above consensus), PRCH +12% (raises FY21 rev guidance; also announces four acquisitions), SAP +2.7% (guides Q4 revs above consensus)
Companies trading higher in after hours in reaction to news: DBVT +54.5% (receives responses from FDA pertaining to Viaskin Peanut BLA), BB +14% (extends momentum from +22% gain during Thurs regular session), ACCD +8.9% (to acquire telemedicine start-up 2nd.MD for $460 mln), CLPT +8.2% (reports first use of product in Europe), OII +7% (announces contract wins in excess of $225 mln), KDMN +4.9% (Point72 increases passive stake to 5.3% (prior ~3.1%)), DMTK +2.8% (reports publication of positive study for its Pigmented Lesion Assay), TEN +2.2% (Carl Icahn lowers active stake following the recent sale of ~700K shares), FST +1.7% (in talks to take casino, restaurant assets public through SPAC merger, according to Bloomberg), TEVA +1.7% (launches generic version of NuvaRing in US), MNR +1.5% (to explore strategic alternatives including a potential sale; also rejects previously disclosed $18/sh offer from Blackwells Capital; suspends dividend reinvestment and stock purchase plan while undergoing review), GM +1.4% (looking to expand Corvette line with crossover SUV, according to Bloomberg), LEN +1.1% (authorizes $1 bln stock repurchase program), CMG +1% (predicts return to more normal levels of dining out by spring/summer, according to Reuters), EGO +0.8% (provides 2021 guidance and five-year outlook), DK +0.7% (CVI says has no interest in acquiring DK), TALO +0.7% (completes refinancing and liquidity enhancing activities), TTD +0.5% (new COO), PFE +0.2% (Pfizer's XALKORI approved by FDA), CVI +0.1% (CVI says has no interest in acquiring DK), MTX +0.1% (increases prices across its mineral product portfolio)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EAF -4% (guides FY20 EPS and revs above consensus; also announces that Brookfield intends to offer 20 mln shares), PRGS -2.1%, FLNT -0.1%
Companies trading lower in after hours in reaction to news: LCI -3.2% (to discontinue 23 lower gross margin product lines, expects impairment charge), SLNO -2.3% (stock offering), NKLA -1.7% (WOR sells remaining position in NKLA), VGR -1.2% (new COO), VLDR -1% (commends US govt plan to update its NCAP to add four ADAS capabilities), ARKO -0.4% (stock offering), ITGR -0.1% (breaks ground on expansion of production capacity of rechargeable Xcellion Lithium Ion batteries)