After Hours Summary: SINA +5%, MCHP +4.4% higher following earnings, CPS +1% on S&P SmallCap 600 addition news... TUBE -22%, MTW -12.8%, GPS -5.2% on earnings/guidance/SSSAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HIIQ +31%, REN +19.8%, FH +14.3% (also FORM Holdings to acquire 100% of XpresSpa through a private placement of its common stock to Mistral Equity Parterns and other existing XpresSpa holders at $2.31/share or $1.73 mln), AMPH +9.4%, CSLT +8.8%, NVRO +8.7%, ENDP +7.2%, GIGA +6.5% (also receives a $1.9 mln order for non-recurring engineering services associated with its Microsource business unit from an aerospace company), OPK +5.4%, MIME +5%, SINA +4.9%, ZLTQ +4.8%, CPE +4.7%, MCHP +4.4%, (also increased quarterly cash dividend to $0.36/share from $0.3595/share), ARNA +4.2%, IDI +4.1%, (also annouces Harry Jordan as COO), NILE +3.8%, VSLR +3.4%, FGEN +3.2%, VTTI +3.2%, (also VTTI Energy Partners to acquire an additional 8.4% equity interest in VTTI MLP B.V. and associated pro-rata net debt from VTTI MLP Partners B.V. for cash consideration of $96.2 mln; commences 5.25 mln public offering of common units representing limited partner interests in the Partnership ), AMID +3.1%, IPHI +2.3%
Companies trading higher in after hours in reaction to news: WPZ +4.7% (Williams and Williams Partners announced they have agreed to sell the companies' Canadian businesses to Inter Pipeline Ltd. for combined cash proceeds of $1.35 billion CAD), CPS +1.2% (S&P announces Cooper-Standard Holdings will replace QLogic Corp. in the S&P SmallCap 600 after the close of trading on Wednesday August 10)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DRYS -31.1%, CNXR -23.2%, TUBE -22.2%, MODN -16.4%, NPTN -15.6%, MXL -14.6%, MTW -12.8%, ROG -9.3%, GPS -5.2% (Gap reports July same store sales -4.0% vs -3.6% Retail Metrics consensus and issues Q2 guidance), RRGB -5.2% (also announces that Denny Marie Post has been appointed as CEO and to the board, effective August 8 2016 ), RRGB -5.2%, BOJA -4.8%, ELNK -4.5%, JPEP -3.1%, DVA -2.9%, MNKD -2%, RAX -1.8% (also sells its Cloud Sites business unit to Liquid Web; terms not disclosed), LC -1.7% (also CFO Dolan stepping down), HTZ -1.7%, TWLO -1.4%, KITE -1.3%, NUAN -1%
Companies trading lower in after hours in reaction to news: TWER -13.9% ( files for $20 mln common stock offering ), FCSC -12.4% ( to offer and sell shares of its common stock and related warrants to purchase shares of its common stock in an underwritten public offering), IAG -8.5% (IAMGOLD to sell, on a bought deal basis, 38.85 mln common shares at a price of $5.15/share, for aggregate gross proceeds of ~$200 mln; commences cash tender offer for up to $150 million of its 6.75% Senior Notes due 2020), ACAD -4.6% ( to offer and sell $200 mln of its common stock in an underwritten public offering ), X -4.2% ( commences 17 mln common stock offering), TSE -3.9% (Trinseo announces that Bain Capital Everest Manager Holding has agreed to sell 8 mln ordinary shares pursuant to its shelf registration statement), BMRN -2.9% (files mixed securities shelf offering; commences 7.5 mln common stock offering), WING -2.8% (announces that a stockholder, namely an affiliate of Roark Capital, intends to offer for sale in an underwritten secondary offering 6 mln shares of the co's common stock ), PSXP -2% ( announces an underwritten public offering of 6 mln common units ), SAVE -0.8% (reports July prelim traffic; RPMs +18.4% Y/Y on ASMs +17.1% Y/Y, load factor for July 2016 was 89.8%, +1%), D -0.3% (to offer to sell 25 million equity units, subject to market and other conditions), ALDX -0.2% (will report the results of a clinical trial of NS2 in patients with Sjögren-Larsson Syndrome on August 9, 2016, prior to the market open)