After Hours Summary: PTON +8.1% builds muscle with deal to acquire fitness equipment company Precor for $420 mln; CVGW -16% falls on earnings miss; VRTV -20.7% falls as it expands its restructuring planAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CLW +3.9% (increases EBITDA guidance as demand for tissue increased significantly), HEI +1.2%
Companies trading higher in after hours in reaction to news: SMPL +12.4% (to be added to S&P SmallCap 600), ZIOP +10% (Taiwan's FDA clears IND for non-viral CAR-T for the treatment of relapsed CD19+ leukemias and lymphomas), PTON +8.1% (to acquire fitness equipment company Precor for $420 mln), PTAC +7% (shareholders approve combination with Porch.com), MTEM +5.2% (provides update on the Phase 1 study for MT5111), RIOT +3.7% (announces 65% expansion in bitcoin mining hash rate), NLS +3.2% (in sympathy with PTON acquiring fitness equipment company Precor), RIDE +1.2% (receives 80K non-binding reservations for its full-size, all-electric pickup truck), NCNA +1.1% (names new Chairman of the Board ), TPVG +1.1% (declares special distribution of $0.10/sh), MESA +0.6% (reports Nov 2020 operating performance), NVAX +0.3% (new COO), UAL +0.2% (CEO issues letter to employees regarding relief bill), MMI +0.1% (acquires real estate services firm LMI Capital), MNR +0.1% (confirms receipt of unsolicited $18/sh acquisition proposal from Blackwells Capital)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CVGW -16%
Companies trading lower in after hours in reaction to news: VRTV -20.7% (expands previously announced restructuring plan), VERO -14.6% (stock offering), CCXI -11.1% (provides topline results from Accolade trial of Avacopan), KNSL -3.9% (to be added to S&P MidCap 400), XCUR -2.9% (files for $150 mln mixed securities shelf offering), PUMP -0.8% (new COO), CRDF -0.5% (names new Chairman of the Board ), CRC -0.5% (CEO departs), PFE -0.4% (US govt plans to study allergic reactions from Pfizer's Covid vaccine, according to CNBC), CI -0.2% (S&P outlook revised to stable from negative), TMUS -0.2% (National Ad Review Board asks TMUS to cease advertising 5G network as more reliable than competitors, according to TheVerge)