After Hours Summary: Banks are generally lower on stress test results as Fed seeks to limit dividends/buybacks; NKE falls on big earnings miss; SNX up big on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CAMP +14.5%, SNX +6.8%, PRGS +3.7%
Companies trading higher in after hours in reaction to news: VXRT +23.2% (extends big move during Thursday's session), ALT +22.1% (Venrock Healthcare Capital discloses 20.8% stake in ALT), SITC +8.9% (to join S&P SmallCap 600), SPCE +5.6% (completes second SpaceShipTwo test flight from Spaceport America), CLLS +2.4% (publishes streamlined manufacturing method for CAR T-cells)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NKE -3.6%
Companies trading lower in after hours in reaction to news: SOLY -15.6% (stock offering), FRG -3.9% (announces 3.5 mln share offering), CYH -2.7% (to sell Florida hospital), USB -2.3% (releases stress test results), DHT -1.9% (files for $850 mln mixed securities shelf offering; also files for offering by selling shareholder), GPI -1.8% (provides Q2 operational update; US operating profits are improving faster than anticipated), FB -1.3% (CNBC reporting that VZ will pull ads from FB until FB comes up with solution)
Banks were generally lower on stress test results as Fed says will limit dividends and buybacks at large banks in Q3 due to pandemic.
Movers include: GS -4.1%, WFC -3.6%, BAC -2.5%, USB -2.7%, FITB -2.6%, RF -2.2%, JPM -1.9%, CMA -1.8%, COF -1.6%, PNC -1.4%, AXP -1%; however a few are higher: MS +1.4%, DB +0.4%