After Hours Summary: ABBV will acquire CERE +16.2%; BRZE +13%, VRNT +10.7%, SMTC +6.9% higher on earnings; SPWH -13.5%, AGX -9.8%, AI -9.5%, CHWY -9%, GEF -6.2% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BRZE +13%, VRNT +10.7%, SMTC +6.9%, BASE +0.2%, OXM +0.1%
Companies trading higher in after hours in reaction to news: CERE +16.2% (ABBV to acquire CERE for $45/sh), LIAN +3.7% (turns down buyout offer from Concentra Biosciences), ASR +2% (reports Nov traffic), FWRD +2% (provides mid-quarter update), FSR +1.8% (issues statement, says negative reports about co have been overblown), DNA +1.2% (signs MoU with Synplogen to accelerate the development of DNA manufacturing and gene therapy in Japan), PAX +1.1% (to acquire Credit Suisse's real estate business in Brazil for ~$130 mln), CMPS +0.9% (study results of psilocybin published in JAMA Psychiatry), DDD +0.7% (to repurchase $135 mln in convertible notes), OPCH +0.7% (increases share repurchase auth from $250 mln to $500 mln), CVX +0.2% (announces $16 bln 2024 capex budget), CNI +0.1% (acquires Iowa Northern Railway)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SPWH -13.5%, AGX -9.8%, AI -9.5%, CHWY -9% (also names new CFO), GEF -6.2%, CXM -4.2%, NAPA -3.5%, GME -2.6%, VEEV -2.2%, CHPT -1.5%
Companies trading lower in after hours in reaction to news: WVE -20.1% (commences $100 mln offering; subsequent 15% buyback), NKLA -15.6% (announces $100 mln stock offering; also $200 mln convertible notes offering), SEAT -10.3% (files for 18.5 mln share offering by selling shareholder), ETNB -6.8% (commences $125 mln public offering; subsequent buyback), HCI -6.3% (stock offering), PYCR -3% (selling shareholder commences 5 mln share offering), CNM -2.2% (selling shareholders commence 15 mln share offering; CNM to repurchase of 3.13 mln of these shares and 1.87 mln partnership interests), BECN -1.3% (selling shareholder commences 5 mln share offering), AORT -1% (CFO retires, names new CFO), MDT -0.7% (to terminate agreements to acquire EOFlow), ABBV -0.5% (ABBV to acquire CERE for $45/sh), MCD -0.2% (starts testing CosMc's, a new small-format)