After Hours Summary: BIIB -7.1% falls as Medicare reportedly to limit coverage for Aduhelm; LLY -1.7% down in sympathy; SRLP +7.3% gets takeout bidAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IART +0.5% (guides Q4 revs slightly above consensus; also announces $125 share repurchase authorization)
Companies trading higher in after hours in reaction to news: SRLP +7.3% (receives takeover proposal at $16.50/unit), ALLY +2.4% (approves $2 bln share repurchase program; also increases dividend), C +0.8% (to exit of consumer, small business, and middle mkt banking ops in Mexico), APAM +0.7% (reports December AUM), AB +0.2% (reports December AUM), GKOS +0.1% (enrolls first patients in trials for GLK-301 and GLK-302; also its iDose TR implant provided sustained reductions in IOP), ALE +0.1% (CFO to retire)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: BIIB -7.1% (Medicare proposes to cover Aduhelm only for patients in clinical trials, according to NYT), RC -2.9% (commences 6 mln share offering; also files mixed securities shelf offering), ACRS -2.8% (Chief Medical Officer has stepped down; also provides R&D update), LLY -1.7% (in sympathy with BIIB news), IVZ -0.8% (reports December AUM), CROX -0.2% (CEO appears on CNBC: says Wall Street may not fully appreciate HeyDude acquisition), X -0.1% (announces new steel production facility)