After Hours Summary: DEPO +7% after Starboard discloses active stake; GPS -9% following weak March salesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DLTH 8.9%
Companies trading higher in after hours in reaction to news: DEPO +6.8% (Starboard discloses 9.8% active stake, believes that meaningful change is required to ensure DepoMed is acting in the best interest of all shareholders), ABMD +3.8% (receives FDA Pre-Market Approval for its heart pumps to provide treatment of ongoing cardiogenic shock)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RT -17.2%, SEAC -7.9%, ANGO -4.5%, PSMT -3.8%
Companies trading lower in after hours in reaction to news: DRRX -21.1% (Ffter the PERSIST Phase 3 trial for POSIMIR was underway and enrolling patients at multiple sites, the Company received a letter from FDA advising the Company to make a number of amendments to the PERSIST trial), GPS -8.8% (March comps -6% vs. -5% Retail Metrics Consensus), PSLV -2.9% (announces the launch of a follow-on offering of transferable, redeemable units of The trust