After Hours Summary: Biden releases COVID plan ahead of speech tonight; APLS -31.1% falls on clinical data; AFRM +19.5% and PLAY +7.4% rise on earnings; AOUT -7.2% and ZUMZ -3.7% fall on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AFRM +19.5%, AMRK +8.5%, PLAY +7.4%, FIZZ +5.8%, PWSC +2.5%, ZS +2.1%, VRNT +1.1%
Companies trading higher in after hours in reaction to news: ISEE +46.1% (in reaction to peer APLS study results), TTOO +25.8% (T2SARS-CoV-2 panel proves capable of detecting the Mu B.1.621 and Iota B.1.526 variants), SANW +12.8% (INGR enters into stevia pilot production supply agreement with SANW), CDR +8.8% (confirms initiation of dual-track review of strategic alternatives; also names new CFO), CORT +7.1% (to present results from Phase 2 trial of relacorilant), DXLG +4.3% (stock offering), CBIO +3.4% (in reaction to peer APLS study results), AVID +1.9% (authorizes $115 mln share repurchase program), ATAI +1.9% (ATAI announces usability study of Introspect's digital therapeutic app technology), WFC +1.2% (issues statement on OCC enforcement action), HELE +1% (announces new $500 mln share repurchase authorization), SPNE +1% (KIDS enters into distribution agreement with SPNE for 7D Surgical FLASH Navigation platform), UIHC +0.9% (provides estimated catastrophe losses for Q3), STT +0.6% (stock offering), TYL +0.1% (acquires Arx)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: COOK -9.8%, AOUT -7.2%, SUMO -4.5%, CXM -4.4%, ZUMZ -3.7%, TTWO -2% (reiterates FY22 outlook; next GTA titles due out March '22), TDC -0.6% (provides highlights from Investor Day, reaffirms FY21 guidance, guides FY22 EPS below consensus)
Companies trading lower in after hours in reaction to news: APLS -31.1% (phase 3 DERBY study of pegcetacoplan did not meet endpoint; OAKS study met the primary endpoint), NFE -2.3% (NFE and Norsk Hydro finalize terms for natural gas supply to refinery), BXMT -2.2% (stock offering), WSC -1.1% (stock offering), PRCH -0.2% (acquires CSE Insurance and American Home Protect), BILL -0.2% (stock offering)