After Hours Summary: YRD +9%, A +1% following earnings/guidance, STEM +36% on asset purchase agreement news... MTSI -3.6% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: YRD +8.9%, FOMX +1.8% (ticking higher), A +0.8%
Companies trading higher in after hours in reaction to news: STEM +36.4% (enters into an asset purchase agreement with BOCO Silicon Valley to sell certain stem and progenitor cell lines that have been researched, studied or manufactured by the Company since 2007), PRTS +5.5% (light volume; announces a $5 mln stock repurchase program and extends its credit agreement), LZB +5% (ticking higher; La-Z-Boy signs an agreement to acquire the license for the La-Z-Boy brand in the United Kingdom and Ireland from Furnico effective January 1, 2017), CSV +5% (light volume; acquires Rich & Thompson Funeral Services in Burlington & Graham, North Carolina; financial details not disclosed), ACRS +3.5% (announces that two pivotal Phase 3 trials of its lead product candidate A-101 40% Topical Solution met all primary and secondary endpoints), MOMO +1.2% (higher despite Alibaba confirming lowered active stake)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MTSI -3.6%
Companies trading lower in after hours in reaction to news: LNTH -9.2% (announces public offering of 3 mln shares of common stock by the co and selling shareholders), PDLI -8.9% (announces proposed $150 mln public offering of new convertible senior notes due 2021), FLXN -7.8% (commences an underwritten public offering to issue and sell shares of its common stock), NVTA -6.2% (announces a $40 mln underwritten public offering of common stock), VSAT -2.6% (commences an underwritten public offering of 6,500,000 shares of its common stock), SGYP -2.1% (enters into privately-negotiated exchange agreement with OrbiMed Advisors LLC and OrbiMed Capital related to its 7.50% Convertible Senior Notes due 2019), SAEX -0.9% (following 23% move higher on Tuesday; also Chief Accounting Officer Trisha Gerber agrees to step down following the change of control of the Company that occurred in connection with its comprehensive restructuring in July), AXL -0.7% (downgraded to Sector Weight from Overweight at KeyBanc)