After Hours Summary: BIIB is the big news as FDA converted Leqembi to traditional approval, stock remains halted; LEVI -5.9% lower on earnings; ABBV -0.1% ticks lower on reduced guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SAND +1.8%
Companies trading higher in after hours in reaction to news: GRRR +36.4% (signs contract worth more than $270 mln with Government of Egypt), CRON +4.3% (receives unsolicited indications of interest from third parties), CZR +0.4% (Caesars Sportsbook mobile sports betting app expands into Puerto Rico), ZLAB +0.1% (names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LEVI -5.9%, KRUS -1.8%, ABBV -0.1% (guides Q2 and FY23 EPS below consensus)
Companies trading lower in after hours in reaction to news: BLZE -5.6% (eliminates dual-class share structure), MRNS -3.7% (Adage Capital discloses 5.45% stake), KTB -2% (in sympathy with LEVI earnings), SRPT -0.9% (selects AcariaHealth as part of the limited distribution network for ELEVIDYS), RIOT -0.8% (provides June production and operations updates), COST -0.7% (reports June comps of +3.0%), PLTR -0.7% (Director sold 37076 shares), LL -0.3% (names new CFO), QTRX -0.2% (launches LucentAD), CBOE -0.1% (names new CFO; also reports June trading volume), ABNB -0.1% (CEO sold 30000 shares)