After Hours Summary: SONC +1.5%, XEL +0.2%, GIGA -10.2%, MU -0.4% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: SONC +1.5%, XEL +0.2%
Companies trading higher in after hours in reaction to news: CRMD +5.4% (finalized pivotal Phase 3 study protocol for FDA), OHRP +4.4% (co to host conference call and webcast to discuss Squalamine interim Phase 2 data in wet-AMD on Tuesday, June 24, 2014 at 8:30 am ET), ZPIN +3.9% (Tiger Global Investments disclosed 18.6% passive stake in 13G filing), CAW +1.2% (stated its policy is not to comment on unusual market activity), HCLP +0.6% (announced new long-term frac sand purchase agreement with Halliburton)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: GIGA -10.2%, MU -0.4%
Companies trading lower in after hours in reaction to news: KNOP -7.9% (announced public offering of 4.6 mln common units; announced the entry into acquisition agreements for the purchase of the Hilda Knutsen and Torill Knutsen; management recommended $0.035 increase to quarterly cash distribution), DF -7.4% (seeing reports that authorities have subpoenaed the company in insider trading investigation involving Carl Icahn), BRX -2.5% (announced secondary offering Of 25 mln shares of common stock by selling shareholder), VNCE -1.8% (announced launch of secondary public offering of ~3.55 mln shares of common stock by selling stockholders), MELI -1.7% (intends to offer $300 mln of convertible senior notes), FANG -1.3% (announced the launch of an underwritten public offering of 2,000,000 shares of its common stock by certain selling stockholders; the shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy), PANW -1.0% (announced proposed $500 mln offering of convertible senior notes due 2019), PRTA -0.9% (announced proposed offering of $100 mln of ordinary shares)