After Hours Summary: YUMC +10.9%, BBBY +4% following earnings/guidance, URRE +14% on lithium project update... RECN -9% on earnings/strategic initiatives implementationAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: YUMC +10.9%, BBBY +3.7% (also increases dividend)
Companies trading higher in after hours in reaction to news: TENX +19.8% (announces review of strategic alternatives - engaged Ladenburg as advisor; CEO John Kelley resigned), LEDS +19.1% (still checking; confirmed earnings release date will be April 12), URRE +14% (reports positive geophysical results at its Columbus Basin lithium project; plans for drilling to commence in July of this year), WYY +11.9% (very thinly traded; Nokomis Capital affirms 15.4% active stake, has engaged, and intend to continue to engage, in discussions with the management and the Board), KOPN +9% (announces two agreements w/ 'two leading global OLED companies' as part of its manufacturing strategy for its OLED displays introduced at CES in January 2017), SCON +6.8% (after closing near highs - up 14% on the day), PLUG +5.8% (continued strength), MACK +4.8% (announces a special cash dividend of $140 million on the company's common stock), JAZZ +5.2% (resolves patent litigation w/ Hikma Pharma related to Xyrem / sodium oxybate oral solution), MDT +1% (Reuters reporting that Medtronic medical supplies business could fetch $6 bln in sale to Cardinal Health), CBIO +1% (modestly rebounding after closing at lows)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RECN -9% (also announced that it has implemented three strategic initiatives)
Companies trading lower in after hours in reaction to news: CAFD -11.3% and FSLR -1% (First Solar says reviewing alternatives for the sale of its interests in 8point3 Energy Partners), SYNC -8.4% (to offer shares of its common stock in an underwritten public offering), VII -7.3% (after surging 150% higher), INNL -6.4% (modestly pulling back), GPRO -2.7% (to offer $150 mln aggregate principal amount of convertible senior notes due 2022 in a private placement), BSBR -2.5% (continued weakness following reports that Qatar Investment Authority said to be pressured to price offering near $8/share), WGO -2.2% (commences secondary offering of 2,293,277 shares by funds affiliated with Summit Partners), CLNS -2% (attributed to block trade pricing)