After Hours Summary: BLIN +24.5%, MU +4.3%, FDX +1.8% higher and SFIX -11.1%, SCS -7%, REVG -4.5%, RHT -4% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BLIN +24.5%, MU +4.3%, FDX +1.8%
Companies trading higher in after hours in reaction to news: SKLN +32.5% (to purchase an equity stake in Helomics Corporation), GALT +29% (entered into $10 million unsecured line of credit facility with stockholder and new director Richard E. Uihlein), IONS +1.9% (Ionis Pharma and Biogen enter collaboration agreement to identify new antisense oligonucleotide drug candidates for the treatment of spinal muscular atrophy), TICC +1.6% (ticking higher after CEO and COO disclose additional share purchases), UAL +0.5% (slightly higher in after hours following upgrade to Buy at Buckingham), WTW +0.5% (light volume, initiated with Buy and $65 tgt at B. Riley FBR, Inc), EXEL +0.4% (continued strength after FDA approval of CABOMETYX tablets for previously untreated advanced renal cell carcinoma), UPS +0.3% (following FDX results)
Micron (MU) is lifting peers in after hours trade: AMAT +1.2%, LRCX +1.1%, NVDA +0.4%, INTC +0.3%, AMD +0.3%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SFIX -11.1%, SCS -7%, REVG -4.5%, RHT -4%,
Companies trading lower in after hours in reaction to news: IDN -11.9% (thinly traded - saw spike into the close), LENS -5.4% (modestly pulling back from 80% move higher today), RIOT -5.1% (pulling back following CNBC discussion), TXMD -4.7% (announces FDA acceptance of New Drug Application and PDUFA target action date of May 29, 2018 for TX-004HR), CBIO -3.6% (proposes public offering of common stock), PXS -2% (files for 2.4 mln share common stock offering by selling shareholders),