After Hours Summary: PPHM +2.3%, VLO -3.4%, LEDS -2.9% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: PPHM +2.3%
Companies trading higher in after hours in reaction to news: CDXS +84.4% (announced technology collaboration and license agreement with GSK; co to receive up to $25 mln of initial payments, plus additional milestone and royalty opportunities), SAVE +1.5% (Lone Pine Capital discloses 6.0% passive stake in 13G filing), MEMP +0.4% (co and subsidiary intend to offer $500 mln in aggregate principal amount of senior unsecured notes due 2022 in a private placement to eligible purchasers)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: VLO -3.4%, LEDS -2.9%
Companies trading lower in after hours in reaction to news: OPTT -8.5% (disclosed Victorian Wave Partners, an indirect consolidated subsidiary, intends to terminate the Renewable Energy Demonstration Program Funding Deed), APOL -6.2% (announced that it has been informed by the U.S. Department of Education that the Department intends to conduct an ordinary course program review of University of Phoenix's administration of federal student financial aid (Title IV) programs) ADHD -1.8% (filed for $100 mln offering of ordinary shares), BH -1.7% (filed for $85 mln common stock and rights offering)