After Hours Summary: PAYC +10% and FLT +9% higher following earnings, JAGX +66% on merger news... BGC -8%, IRBT -8%, OII -7% following earnings/guidance, CREE -5% Infineon deal CFIUS hurdleAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SKYS +25.6% (thinly traded), OSUR +12.2%, PAYC +10%, IMPV +9.6% (also agrees to sell its Skyfence technology and service to Forcepoint, acquires the assets of Camouflage Software), PCMI +9.1%, FLT +8.8%, WSTL +8.4%, ZEN +7%, SCSS +6.2%, LLNW +5.4%, RLGT +4.2%, CXW +4.2%, CMP +2.9%, EFX +2.5%, AOSL +2.5%, FTK +2.4%, GPRE +2.2%, FORM +1.6%, PSEC +0.8%
Companies trading higher in after hours in reaction to news: JAGX +66.1% (Jaguar Animal Health to merge with Napo Pharmaceuticals), RELV +14.7% (thinly traded; announced that CardioSentials heart health supplement has earned a U.S. patent), STB +3.2% ( awarded new record $187 million contract ), REGN +2.3% (Regeneron Pharma confirms appeals court grants stay of permanent injunction for Praluent during appeals process), FSLR +1.1% (awarded module supply contract for the 140 megawatt DC Sun Metals Solar Farm in North Queensland)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MTRX -10.6%, SNCR -9.6%, MB -9.5%, BGC -8%, IRBT -7.9%, OII -7.4%, GLUU -7.2%, TBI -6.7%, QLYS -6.5%, STRL -5.6% (sees Q4 net loss of $5.5-6.5 mln and revs of $165-170 mln vs. $157.25 mln two analyst estimate; says results are 'very disappointing'), ECHO -5.3%, CDE -5.2%, TYL -4.8%, MXL -4.1%, KS -3.4%, ENTA -3.3%, UHAL -3%, PPC -2.1%, WFM -1.9%, GLAD -1.7%, CTL -1.6%, JE -1%
Companies trading lower in after hours in reaction to news: SRRA -11.2% (to offer shares of its common stock in an underwritten public offering; size not disclosed), CREE -5.4% (CFIUS informed Infineon and Cree that the Wolfspeed transaction poses a risk to the national security), AMGN -2% (Regeneron Pharma confirms appeals court grants stay of permanent injunction for Praluent during appeals process), BANC -1.9% (appoints Richard Lashley, co-founder of 6.9% holder PL Capital Advisors, to the Board and approves certain enhancements to corporate governance policies), PYPL -1.6% (discloses that it has received subpoenas from the DOJ seeking the production of certain information related to the company's historical anti-money laundering program), KR -1.3% (WFM sympathy), MCHP -1.2% (to offer $1.5 bln of convertible senior subordinated notes due 2027 and $500 mln of convertible junior subordinated notes due 2037 in private placement)