After Hours Summary: CGNX +8%, ALSN and TXRH +7% higher, SLCA -7%, SIMO -3%, P -1% lower following earnings/guidance... CBMX +50% on acquisition newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WG +15.2% (also announces multiple awards valued at $114 mln), CGNX +8.3%, ALSN +7.1%, TXRH +6.8%, HLS +3.6%, HVT +3.4%, OI +2.7%, MATX +2.6%, ICHR +2.3%, CACC +1.2%, TREX +1.1% (light volume)
Companies trading higher in after hours in reaction to news: CBMX +50.5% (CombiMatrix to be acquired in an all-stock merger for approximately $33 million of combined consideration by Invitae), PTI +9.2% (announces updates including PTI-428 cystic fibrosis transmembrane conductance regulator amplifier, PTI-801- new generation CFTR corrector, and PTI-808 CFTR potentiator; appoints Helen Boudreau as CFO effective July 25), NVTA +7.8% (announced two acquisitions - including CBMX; announces $73.5 million private placement offering and reports prelim Q2 results), NEOS +5.4% (initiated after the close with Overweight and $20 tgt at Cantor Fitzgerald), GRPN +4.3% and GRUB +3.4% (announce partnership to bring food delivery to Groupon customers throughout the US; GRUB is acquiring certain assets in 27 company-owned OrderUp food delivery markets from Groupon), LPX +3.1% (ticking higher: Louisiana-Pacific to acquire International Barrier Technology [IBTGF] for $22 mln - US$0.41 per common share), ETP +1% and ETE +1% (Energy Transfer signs agreement w/ The Blackstone Group whereby Blackstone will contribute approximately $1.57 billion in cash in exchange for a 49.9% interest in HoldCo)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SLCA -6.9%, KONA -5.7%, TMST -4.8%, AMKR -3.1%, SIMO -2.7% (also announces new $200 mln share repurchase program and management to purchase shares), SBAC -2.2%, APAM -1.8%, IDTI -1.7%, P -1.2%
Companies trading lower in after hours in reaction to news: NOG -4% (ticking lower; FCN will replace Northern Oil and Gas in the S&P SmallCap 600), PBYI -2.2% (continued weakness after 2.6% decline today; also announced NERLYNX is now commercially available by prescription in the United States), CHGG -1.8% (confirms the commencement of an underwritten registered public follow-on offering of 8 mln shares of its common stock), INVA -1.6% (proposes offering of $175 mln of convertible senior notes due 2025 in a private placement), NVDA -0.8% (move being attributed to cautious blog mention), IMMU -0.7% (files for approx 34.76 mln share common stock offering by holders)
