After Hours Summary: AIG -1.6% following Q3 catastrophe loss estimate update... CXO / DVN higher following analyst upgrades, while NBL / CRZO / CHK lower following analyst downgradesAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: ICHR +6.5% (entered into 'substantial' agreement to produce liquid delivery systems), SRAX +2.1% (continued strength - after closing near highs -- up 40% on the day), CLVS +1.8% (light volume; submitted sNDA to the FDA for rucaparib as maintenance treatment of patients with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in a complete or partial response to platinum-based chemotherapy), CLNT +1.4% (after surging 100%+ higher on Monday), CXO +0.8% and DVN +0.8% (upgraded to Buy at Jefferies), TSLA +0.5% (attributed to target being raised to $379 from $317 at Morgan Stanley), UPS +0.4% (contract talks with the International Brotherhood of Teamsters have begun on new collective bargaining agreements; current five-year contract continues through July 31, 2018)
After Hours Losers:
Companies trading lower in after hours in reaction to news: IMPV -5.1% (light volume; names Aaron Kuan interim CFO and commences CFO Search; Terry Schmid resigned as CFO to pursue other interests), AIG -1.6% (expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion), NBL -1.1% and CRZO -0.7% (downgraded to Hold at Jefferies), CHK -1% (downgraded to Underperform from Hold at Jefferies), FLXN -0.5% (continued weakness)