After Hours Summary: CELG +5.8%, CSX +3.4%, AEHR +1.9%, ATI -9.3%, MJN -4.8%, YUM -0.8% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: CELG +5.8%, CSX +3.4%, AEHR +1.9%, SAR +1.7%, UUU +0.3%
Companies trading higher in after hours in reaction to news: RCPT +10.2% (to be acquired by Celgene (CELG) for $232/share in cash, or ~$7.2 bln), REX +3.7% to replace SYNA in the S&P SmallCap 600), FNBC +2.2% (to replace RTI in the S&P SmallCAp 600), AEHR +1.9% (announced that Gary Larson VP of Finance/CFO plans to retire effective Sept 8, co intends to name Corp Controller Ken Spink to serve as interim CFO; co also reported earnings), SYT +1.7% (Bloomberg reporting that Paulson & Co is building a stake in the company to back takeover attempt by Monsanto (MON)), SYNA +1.4% (to replace ROSE in the S&P MidCap 400), CMI +0.8% (increased quarterly dividend by 25% to $0.975/share from $0.78/share)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: ATI -9.3%, MRTN -5.7%, MJN -4.8%, PPHM -3.7%, YUM -0.8%
Companies trading lower in after hours in reaction to news: RDHL -3.9% (announced public offering of its ADRs, terms not disclosed), RARE -3.3% (announced a $250 mln offering of common stock), SFY -1.6% (to be removed from the S&P SmallCap 600), DBVT -1.4% (filed amended F-1 related to offering of 6 mln ADSs representing 3 mln ordinary shares; proposed maximum aggregate offering price of ~$243.984 mln is above previous filings amount of $150 mln), MIC -0.5% (announced that a performance fee of $135.6 mln is payable to its external Manager as a result of outperformance by the Company of its benchmark index in Q2)