After Hours Summary: AFRM +27.9% jumps on earnings and AMZN expansion; OPEN +18.4%, ROOT +13.7%, ZIP +12.7%, SOFI +11.7% higher on earnings; BYND -18.9%, SDGR -14%, BMBL -8.6%, BRKS -4.4%, DIS -4.2% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FOSL +38.3%, AFRM +27.9% (also expands relationship with AMZN to all eligible US purchases; also AFRM to be embedded as payment option in Amazon Pay's digital wallet), OPEN +18.4%, MQ +14.3%, ROOT +13.7%, ZIP +12.7%, SOFI +11.7%, BZH +8.1%, DUOL +8.1%, PAYO +7.9%, BROS +6.4%, INDI +6.4%, HIMS +5.6% (also unveils mobile platform for subscription members), HNST +5.6%, RSI +5.6%, APP +5%, TASK +4.8%, DOMA +4.1%, ULCC +2.8%, WKME +2.2% (also expands partnership with SAP and announces strategic alliance with Deloitte), RELY +2.1%, ATO +1% (also increases dividend), SPTN +0.8%, MSP +0.3%
Companies trading higher in after hours in reaction to news: RIDE +13.5% (RIDE and Hon Hai Tech sign asset purchase agreement regarding RIDE's facility in Lordstown, OH), KRMD +12.4% (announces 510k clearance for KORU Medical FreedomEdge infusion pump), SGHT +8.7% (FDA grants an Investigational Device Exemption to conduct a clinical study of OMNI device), PTRA +6.4% (to supply battery technology for up to 10,000 Lightning eMotors (ZEV) vehicles), AEVA +4.6% (Plus selects Aeva 4D LiDAR for volume production of autonomous trucks), INSP +3.9% (provides update on 2022 reimbursement levels), HFC +2.7% (names new COO), DASH +0.6% (DoorDash and Payfare launch instant pay access for delivery drivers), MKTW +0.3% (authorizes $35 mln share repurchase program), RLI +0.1% (names new CEO and COO; also declares special dividend of $2.00/sh)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BYND -18.9%, SDGR -14%, CRCT -12.6%, LZ -12.2%, BLND -10.7%, FIGS -10.1%, BMBL -8.6%, OWLT -8.4%, GDRX -8%, MAX -6.1%, HLTH -5.6%, BRKS -4.4%, DIS -4.2%, RRGB -4%, FICO -3%, VLTA -3%, COMP -2.9%, ENS -2.5% (also announces planned CFO retirement; establishes new $100 mln stock repurchase auth), AMWL -1.7%, WISH -1.6% (also CEO to step down), ESMT -1%, ME -0.7%, BLU -0.4%, NUVB -0.2%, SWI -0.1%
Companies trading lower in after hours in reaction to news: DDD -5.5% (convertible notes offering), HAIN -4.3% (stock offering), BIP -3.5% (stock offering), OBSV -2.9% (stock offering), ABUS -2.6% (announces new data on AB-729), AMC -2.3% (CEO discloses sale of 625K shares), WE -1.5% (stock offering), LDOS -1.1% (awarded three-year contract to support UK MOD PICASSO program), U -0.3% (files mixed securities shelf offering), COO -0.2% (to acquire Generate Life Sciences for $1.6 bln), JNJ -0.1% (enters into agreement with US Govt and GAVI to enable humanitarian access to vaccine)