After Hours Summary: WING +3.8% following special cash dividend news... MU -7.8% on earnings/guidance/restructuring plans, MBLY -3.1% and TSLA -2.5% on NHTSA investigationAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: ARRY +5.3% (submits NDA for binimetinib in patients with advanced NRAS-mutant melanoma to the FDA), WING +3.8% (declared special cash dividend of $2.90/share to shareholders), NFLX +3.6% (strength being attributed to 7Park Data - not confirmed), HTZ +1.9% (Hertz Global completes separation of its equipment rental business, will receive proceeds of ~$2 bln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MU -7.8% (also announces restructuring plan, expects to incur charges of $70 million), FC -2.3%
Companies trading lower in after hours in reaction to news: CJES -8.7% (announces agreement in principle with its secured lenders on the key aspects of a proposed restructuring transaction), ARNA -6.4% (announces strategic shifting of priorities, will reduce workforce by 73%), MBLY -3.1% and TSLA -2.5% (reports of NHTSA investigation following a fatal-crash while a car was being operated in self-driving mode)