After Hours Summary: Busy earnings, headliners include SEDG +7.3%, QRVO +6.5%, ZG +5.3%, ETSY +2.4% on upside; SYNA -20.1%, FARO -12.7%, QCOM -6.7% on downside; PACW -57.5% down sharply on report it's mulling options; OPCH to acquire AMED in all-stock dealAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RSI +13%, LMND +10.9%, ATUS +8.1%, FROG +8%, PCOR +7.9%, CFLT +7.5%, SEDG +7.3%, INFN +6.6%, QRVO +6.5%, CPE +6% (also to acquire Core Delaware Basin assets and Exit Eagle Ford), CTSH +5.5% (also increases dividend), ZG +5.3%, HCC +4.9%, HUBS +4.8%, CODI +4.7%, RELY +4.5%, HST +3.9%, MGY +3.9%, DHT +3.8%, VMEO +3.4%, FLT +3.2%, IR +3.2%, AVT +3.1%, ETSY +2.4%, AEIS +2.3%, AMED +2.3% (also to be acquired by OPCH), CTVA +2.2%, MELI +2.2%, NGVT +2.2%, NSTG +2.2%, SUM +2.1%, VSTO +2.1%, ACLS +2%, OLED +2% (also acquires Phosphorescent OLED Emitter IP assets of Merck), PLMR +2%, RGNX +2%, SRI +2%, ALL +1.9%, MKSI +1.8%, RGLD +1.8%, RGLD +1.8%, KW +1.7%, UDMY +1.7%, KRO +1.5%, FATE +1.4%, OPK +1.3%, CIVI +1.1%, WTS +1.1%, CW +0.7%, FSLY +0.7%, MMS +0.7%, O +0.7%, KLIC +0.6%, CCRN +0.3% (also replenishes repurchase program to $100 mln), EQIX +0.2%, REZI +0.2%, WES +0.2%, WMB +0.2%, BHE +0.1%, EVH +0.1%, NE +0.1%, RPT +0.1%, UGI +0.1% (also increases dividend), ULCC +0.1%
Companies trading higher in after hours in reaction to news: AMED +2.3% (OPCH to acquire AMED in all-stock deal), BTBT +1.9% (reports April production), PAC +1.3% (reports April traffic), VRTX +1.1% (FDA approves KALYDECO for children with cystic fibrosis), STE +0.9% (authorizes new $500 mln share repurchase program), IMGN +0.6% ($200 mln stock offering), LAZ +0.2% (to close multiple office across Latin America to cut costs, according to Bloomberg), CBOE +0.1% (reports April trading volume)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HOUS -25.2%, SYNA -20.1% (also authorizes new $500 mln share repurchase program), OPCH -16.8% (also to acquire AMED), FARO -12.7% (also CEO to retire), TNDM -10.6%, UPWK -8.2%, TRIP -7.9%, ARDX -7.7%, ALKT -7.1%, QCOM -6.7%, OM -5.2%, GIL -4.5%, RGR -4.5%, CDAY -4.1%, AMWL -4%, LESL -3.5%, GNK -3.2%, RVLV -3.2%, OUT -3.1%, ALLO -3%, STAA -3%, ANSS -2.9%, SITM -2.9%, ADPT -2.7%, RUN -2.6%, DEN -2.3%, EQH -2.2%, NVST -2.1%, CORT -2%, ECPG -2%, MTG -2%, CHRD -2%, CXW -1.9%, GL -1.9%, ACEL -1.8%, FNF -1.6%, MOS -1.6%, ATO -1.5%, INFA -1.5%, INFA -1.5%, QNST -1.1%, ES -0.8%, ALB -0.6%, PGRE -0.5%, APA -0.4%, ERII -0.4%, MET -0.3% (also authorizes new $3 bln share repurchase program), MRO -0.3%, NARI -0.3%, USPH -0.2%, AMK -0.1%, ESTE -0.1%
Companies trading lower in after hours in reaction to news: PACW -57.5% (mulling strategic options including sale, according to Bloomberg), WAL -32.2% (in sympathy with PACW news), ZYXI -22.7% ($50 mln convertible note offering; also CEO commences 2 mln share offering), MCB -21.1% (in sympathy with PACW news), OPCH -16.8% (OPCH to acquire AMED in all-stock deal), RPHM -10.8% (commences public offering), VCYT -3.1% (announces data published in journal), RYI -3% (commences stock offering), SCHW -2.7% (in sympathy with PACW news), AAPL -1.8% (in sympathy with QCOM earnings), LIN -1.3% (files mixed securities shelf offering), JOBY -1.1% (prices offering, also reports earnings), BLNK -0.8% (COO to become new CEO), UBER -0.7% (files mixed securities shelf offering), NOVA -0.6% (teaming up with Amica Insurance to expand services), LGIH -0.6% (reprots April home closings), ABNB -0.5% (introduces Airbnb Rooms), MRVL -0.5% (CEO also named as Chair of the Board, succeeds Rick Hill who is retiring)