After Hours Summary: PINS +4.2% higher as Google exec will become new CEO; XAIR +20.6% jumps on FDA approval; AVAV -9.1% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None
Companies trading higher in after hours in reaction to news: XAIR +20.6% (FDA approves LungFit PH to treat neonates with hypoxic respiratory failure), FTDR +7% (to join S&P SmallCap 600), SNCY +6.7% (to join S&P SmallCap 600), LRN +6.6% (to join S&P SmallCap 600), ORA +6.5% (to join S&P MidCap 400), PINS +4.2% (CEO Ben Silbermann is stepping down; Google exec Bill Ready named new CEO), GATO +2% (names new CFO), ACHR +2% (says it is confident it will achieve its goal of flying full transition flights with Maker by year end), DDD +1.8% (enters into partnership with EMS-GRILTECH for materials development), CVS +1.1% (removes purchase limit on Plan B sales, according to CNBC), OYST +0.6% (to implement operating expense streamlining plan), PLTR +0.6% (awarded $36 mln US Army contract to build a prototype for TITAN), STT +0.3% (files mixed securities shelf offering), JNJ +0.3% (FDA advisers recommend inclusion of an Omicron component for booster vaccines this fall, according to Reuters), DIS +0.2% (to extend CEO Bob Chapek's contract for three years), WMT +0.2% (responds to FTC complaint involving money transfer services), GD +0.2% (awarded a $500 mln US Navy contract modification), CNNE +0.1% (completes repurchase of shares held by FNF), UNVR +0.1% (signs distribution agreement with Kalsec in Mexico), CPA +0.1% (expands share repurchase program by US$100 mln), MTW +0.1% (withdraws from the CONEXPO-CON/AGG 2023 trade show)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AVAV -9.1%, PRGS -1.1%
Companies trading lower in after hours in reaction to news: ASPN -22% (to offer $225 mln of common stock and $150 mln of green convertible notes in separate offerings), ICVX -16.9% (announces topline interim Phase 1/1b results for IVX-121), HUDI -4.8% (files for $300 mln mixed securities shelf offering), LYLT -3.6% (to be removed from S&P SmallCap 600), GLPI -3% (BALY announces sale-leaseback transaction with GLPI for two casinos for $1 bln; also commences 6.9 mln share offering), MARA -2.2% (Bitcoin mining ops in Montana currently without power), SWN -2.1% (moving to S&P MidCap 400 from S&P SmallCap 600), OBSV -1.2% (receives UK MHRA Marketing Authorization for Yselty for uterine fibroids), MRNA -0.8% (FDA advisers recommend inclusion of an Omicron component for booster vaccines this fall, according to Reuters), BALY -0.6% (BALY announces sale-leaseback transaction with GLPI for two casinos for $1 bln), BNTX -0.6% (FDA advisers recommend inclusion of an Omicron component for booster vaccines this fall, according to Reuters), IMO -0.3% (announces sale of interests in Montney and Duvernay assets), OMCL -0.3% (moving to S&P MidCap 400 from S&P SmallCap 600), OCN -0.2% (to purchase mortgage servicing rights), SONY -0.2% (plans to launch a PC gaming gear brand called Inzone, according to WaPo), PFE -0.1% (FDA advisers recommend inclusion of an Omicron component for booster vaccines this fall, according to Reuters), TSLA -0.1% (has laid off hundreds of workers on its Autopilot team, according to Bloomberg), LH -0.1% (expands lab in Japan), AGI -0.1% (plans to expand Island Gold mine)
