After Hours Summary: BILL +20.4%, AMAT +1.9% higher on earnings; BBBY -41.5% falls sharply as Ryan Cohen completes sale of BBBY stake, co also hires law firm to help address debt load, according to Bloomberg; MSGE +7.4% higher as co to explore spin-offAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BILL +20.4% (also names new COO), AMAT +1.9%
Companies trading higher in after hours in reaction to news: MSGE +7.4% (board authorizes mgmt to explore spin-off), HD +1.2% (authorizes a new $15 bln share repurchase program; also elects CEO Ted Decker as Chair of the Board), TOL +0.8% (to create joint venture with PGIM Real Estate for San Diego development), KDP +0.8% (in talks to acquire VPX, owner of Bang Energy energy drink, according to Bloomberg), KRYS +0.7% (FDA accepts its BLA application for dystrophic epidermolysis bullosa), AGX +0.3% (founder/CEO retires; names new CEO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OSIS -9.4%, MAXN -4.8%, STNE -4.4%, GLOB -2.1%, ROST -1%
Companies trading lower in after hours in reaction to news: BBBY -41.5% (Ryan Cohen completes sale of BBBY stake; also hires law firm to help address debt load, according to Bloomberg Law), GME -10.7% (BBBY news dragging down meme stocks), AMC -4.2% (responds to Cineworld comments, AMC continues to be optimistic about increasing demand for Q4 and 2023), APRN -2.6% (BBBY news dragging down meme stocks), FUBO -2.5% (BBBY news dragging down meme stocks), HOOD -1.8% (reports July operating data), EXK -1.1% (founder passes away), BLTS -0.3% (terminates previously announced combination with MANSCAPED), ROKU -0.2% (announces three new TV brands in Mexico), SBUX -0.1% (COO will be departing, effective October 1), ALL -0.1% (names new CFO)