After Hours Summary: BBBY -5.4%, ADXS -2.9% following earnings/guidance, VERI +9% on Atigeo acquisition news, PCG -9% on dividend suspension amid wildfire uncertainties, CORT +7.2% and ALRM +4.2% joining S&P SmallCap 600After Hours Gainers:
Companies trading higher in after hours in reaction to guidance: TNAV +5.2% (light volume; reaffirms prior Q2 guidance and updates Q2 billings, deferred revenue and differed cost guidance)
Companies trading higher in after hours in reaction to news: AEZS +58.7% (received FDA approval of Macrilen for diagnosis of adult growth hormone deficiency), GNRT +16.7% (WSJ reporting EURN) / GNRT nearing merger deal), PYDS +10.8% (continued strength), VERI +9.2% (acquires the advanced data analytics software and related intellectual property assets of Atigeo Corporation; terms not disclosed), CORT +7.2% and ALRM +4.2%(to join S&P SmallCap 600), VKTX +6% (files for 2,552,337 share offering by holders), APEN +5.4% (higher on light volume after filing 424B5 with $16 mln Cantor Sales Agreement), FNKO +3% (ticking higher; Funko confirms PEZ Candy licensing partnership; estimate dispensers will arrive in retail during the first half of 2018), AIMT +2.5% (initiated with Outperform and $64 tgt at Robert W Baird), HZN +1.6% (receives full payment for license following patent dispute), ETSY +1.4% (initiated with Overweight/$26 tgt at KeyBanc Capital Mkts after the close), ACN +1% (ahead of earnings; also Accenture and Roche entered exclusive multi-year agreement), IBKR +0.8% (to join S&P MidCap 400)
Select Bitcoin/Crypto names are seeing modest strength in after hours trade: FTFT +4.8%, INTV +3.4%, SSC +3.2%, CCIH +2.6%, DSS +2.3%, LFIN +2.2%, SRAX +1.7%, GROW +1.5%, RIOT+1.2%, XNET +1.1%
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BBBY -5.4%, ADXS -2.9%
Companies trading lower in after hours in reaction to news: PCG -9% (to suspend the quarterly cash dividend on common stock beginning with Q4 2017, citing uncertainty related to liabilities associated with October 2017 Northern California wildfires), DFFN -6.1% (files for common stock offering with $14.95 mln proposed maximum aggregate offering price), EURN -4.3% (WSJ report of pending Euronav / Gener8 merger deal), EIX -3.7% (lower with PCG), LULU -0.5% (lower on reports of lawsuit with allegations related to supervisor misconduct)
