After Hours Summary: BA +4.3% as it resumes 737 MAX production; SMTC +15.5%, TOL +7%, WDAY +6.1% up on earnings; PLT -6.7%, NTNX -6.5%, COHR -6.3%, HPQ -5.7%, BOX -4.4% seeing weakness on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SMTC +15.5%, TOL +7%, WDAY +6.1%, SPTN +5.8%, ARCE +0.3%, UVV +0.2%
Companies trading higher in after hours in reaction to news: PHAS +83.3% (receives FDA clearance to launch trial evaluating PB1046 as a treatment for hospitalized COVID-19 patients), TGI +11% (selected as supplier of hydraulic components for new Bell 360 Invictus Attack aircraft), SLP +9% (to join the S&P SmallCap 600), IMAB +7.2% (reports interim results from Part 1 study of TJM2 to treat COVID-19 patients with cytokine release syndrome), DHC +7.1% (to join the S&P SmallCap 600), HPP +5.5% (to join the S&P MidCap 400), PLMR +5.3% (to join the S&P SmallCap 600), BA +4.3% (resumes production of 737 MAX program), MESO +2.3% (provides clinical update, also reports earnings), AOBC +1.4% (to change name to Smith & Wesson Brands, effective June 1; to trade under ticker symbol "SWBI"), BYD +1.3% (to resume operations at 13 properties), UAL +1% (releases message from CEO; also announces COO transition)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PLT -6.7%, NTNX -6.5%, COHR -6.3%, HPQ -5.7%, BOX -4.4%, BEST -3.3%, NTAP -2.2%, ADSK -1.4%, CACC -0.7%, DSGX -0.2%
Companies trading lower in after hours in reaction to news: IOVA -13.1% (reports Cohort 4 data from C-144-01 study of lifileucel in advanced melanoma; also announces $500 mln stock offering; also files mixed securities shelf offering), ARNA -8.1% (announces $250 mln stock offering), CRNC -4.7% ($150 mln convertible notes offering), BCRX -4.5% (commences public offering of $100 mln of its common stock; to also offer pre-funded warrants), IMMU -3.4% (CEO departs), PEN -2.3% (launches $100 mln common stock offering), GO -2.1% (announces stock distribution by stockholder Hellman & Friedman to distribute remaining holdings and complete exit), BILI -2% (announces $650 convertible notes offering)