After Hours Summary: APOG +6.5% following earnings/guidance, AERI +64% on clinical trial update... SBLK -4.1% following earnings/offeringAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LAKE +9.5% (thinly traded), APOG +6.5%, STB +5.5% (light volume)
Companies trading higher in after hours in reaction to news: AERI +64.1% (reports its 12-month Phase 3 'Mercury 1' clinical trial for Roclatan achieved its primary efficacy endpoint), ACTG +16.1% (favorable judgement against Apple in patent case), ACRX +14.1% (will announce the results of its Phase 3 study of ARX-04 at 9am ET on September 15 during a conference call), DRYS +4.3% (light volume - DryShips agrees w/ Sifnos Shareholders to convert $8.75 mln of its revolver to 3.5 mln preferred shares), PYPL +0.6% (modestly higher on light volume -- initiated with Buy rating at Craig Hallum; tgt $52)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SBLK -4.1% (also announces a $51.5 mln underwritten public offering of common stock)
Companies trading lower in after hours in reaction to news: UUUU -22.5% (Energy Fuels announces US$10.0 mln bought deal offering of units; unit price of US$1.80 per unit, consists of one common share and one half of one common share purchase warrant), SQNS -10.5% (to offer newly issued American Depositary Shares in an underwritten public offering), MSON -4.6% (ticking lower - files for extension of time for annual report on form 10-K, appoints Joseph Dwyer as interim CFO, reports prelim results for the year ended June 30, 2016), SBLK -4.1% (announces a $51.5 mln underwritten public offering of common stock), LXRX -2.9% (FDA extended PDUFA date 3 months for Telotristat Etiprate for the treatment of carcinoid syndrome to February 28, 2017 from November 30, 2016), SRPT -0.9% (after hours pullback being attributed to Jefferies comments - reiterated Underperform rating and $7 tgt), ELY -0.5% (ticking lower - issues statement following Golfsmith bankruptcy, says expects to be able to collect substantially all of the outstanding accounts receivable balances owed by Golfsmith and Golf Town either through the bankruptcy process or through its trade credit insurance)