After Hours Summary: AMC +6%, BMBL +6% rise on earnings while ALTO -17%, CLDR -11% decline following earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AMC +6.3%, BMBL +5.9%, ASAN +5.5%, AVO +3.7%, SKLZ +3.5%, FNV +2.7%
Companies trading higher in after hours in reaction to news: AVEO +28.9% (continued momentum after receiving FDA approval for FOTIVDA), ENFA +6.3% (in talks for merger with BuzzFeed, according to Bloomberg), MSGN +4.6% (weighing merger with MSG Entertainment [MSGE], per Bloomberg), CRIS +3.4% (announced abstract for CA-4948 accepted for presentation at AACR Annual Meeting), MSGE +3.40% (MSG Networks [MSGN] exploring merger with co, per Bloomberg), SPFR +3.7% (following report that co is weighing merger with Velo3D), SURF +2.8% (announced presentations at AACR Annual Meeting), RWT +2% (increased dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ALTO -17.0%, CLDR -10.6%, SUMO -7.2% (also announced acquisition of DFLabs), ORCL -5.2%, TTCF -4.9%, LC -3.5%
Companies trading lower in after hours in reaction to news: JE -17.3% (TSX and NYSE commence delisting proceedings), KDMN -12.2% (FDA extends review period for belumosudil for the treatment of cGVHD), NVEE -9.9% (stock offering), HESM -9.6% (announced secondary public offering of Class A shares by selling shareholders), IVC -7.2% (convertible senior notes offering), MGP -2.5% (Class A shares offering), BAND -1.4% (convertible senior notes offering)