After Hours Summary: ASNA +14% following earnings/guidance, BAS +6% on KEG merger proposal newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ASNA +14%
Companies trading higher in after hours in reaction to news: TLRY +7.5% (announces successful export of medical cannabis from Canada to Australia for distribution to critically ill pediatric patients), BAS +6% (Key Energy Services proposed to combine with Basic Energy Services in an all-stock merger; to be accretive to both sets of shareholders after consideration of cost synergies), ARNA +2.7% (reports phase 2a Results for olorinab in patients with abdominal pain associated with Crohn's Disease ; intends to progress the olorinab clinical program targeting gastrointestinal pain)
After Hours Losers:
Companies trading lower in after hours in reaction to news: SNDX -17% (announces updated results from ongoing Phase 2 ENCORE 601 trial of Entinosat in combination with KEYTRUDA in NSCLC; ORR results rate failed to meet prespecified endpoint), KMT -9.8% (still checking-light volume), DCPH -5.1% (initiated with Underperform at Leerink Partners), BJ -3.6% (commences public offering of 28.0 mln shares of common stock by stockholders), PETQ -3.3% (commences public offering of 2.0 mln shares of common stock; selling shareholders also intend to offer 3.0 mln shares upon exchange of membership units of PetIQ Holdings), CNP -2.9% ( announces public offering of $1.5 bln in common stock and $750 mln in depositary shares), CTL -2.2% (Chief Financial Officer Sunit Patel has resigned after accepting an executive leadership role at another company), VSTM -0.4% (announces FDA approval for COPIKTRA)
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