After Hours Summary: A +5% and TEDU -3% following earnings, KOS / MB / CWH / H among names trading low following offerings, TTWO -8% on Red Dead Redemption 2 delayAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RAVN +6.9% (light volume), A +4.4%
Companies trading higher in after hours in reaction to news: OPHT +3.6% (D. E. SHAW increases passive stake to 5.0%), SBPH +2.9% (very thinly traded; to host a conference call on Wednesday, May 24, 2017, at 8:00 a.m. ET, to discuss top-line results from the initial 25mg monotherapy dosing cohort of the Phase 2a segment of its ACHIEVE trial), GKOS +2.6% (Glaukos reported that study revealed potential cost efficiency of using two Glaukos iStent trabecular micro-bypass stents to treat elevated IOP in glaucoma patients), SNY +1.7% (Regeneron Pharma and Sanofi announced FDA approval of Kevzara (sarilumab) for treatment of adult patients with moderately to severely active rheumatoid arthritis), TPX +0.9% (Director disclosed purchase of 150K shares worth about $6.90 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PRGO -3.3% (also files 2016 Form 10-K with restated financial statements), TEDU -3%
Companies trading lower in after hours in reaction to news: TTWO -8.2% (confirms Red Dead Redemption 2 delay on blog), KOS -6.9% (announced 40 mln share secondary offering by holders -- 30 mln by Blackstone affiliated funds and 10 mln by Warburg Pincus affiliated funds), MB -4.6% (files for 4.4 mln share Class A common stock offering), MIME -2.7% (indicated lower on block trade pricing), CWH -2.5% (proposed Class A common stock offering - includes 3.5 mln by the company and 6.5 mln by certain affiliates of Crestview Advisors), H -2.4% (announces secondary offering of 4 mln shares of Class A common stock by certain stockholders that are investment funds associated with The Goldman Sachs), NOW -1.7% (to offer $750 mln of convertible senior notes due 2022)