After Hours Summary: Chip stocks weak after hours; DOMO +8.4%, OXM +3.9%, COO +3.4% strong on earnings while DOCU -5.6% shows weaknessAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DOMO +8.4%, NX +5.5%, AOUT +4.4%, OXM +3.9%, COO +3.4%, SWBI +2.6%, YEXT +1.5%
Companies trading higher in after hours in reaction to news: LMPX +16.3% (acquires two dealerships), OSUR +4.2% (ORAcollect RNA collection device included in FDA's EUA granted to MiraDx), INCY +3.2% (CALA opts out of co-development agreement with INCY), HONE +2.9% (adopts share repurchase program), PBI +2.1% (announces pricing adjustments ahead of 2020 peak season), OBSV +1.9% (announces $20 mln equity offering), PLUG +1.6% (DE Shaw discloses 5% stake), RLAY +0.9% (doses first patient in clinical trial of RLY-4008), LLY +0.7% (FDA approves additional doses of Trulicity), KMB +0.6% (to acquire Softext Indonesia for approx. $1.2 bln), VICI +0.4% (CZR and VICI sell Harrah's Louisiana Downs), PFE +0.3% (CEO expects co will know in Oct if vaccine works, according to Reuters), CZR +0.2% (CZR and VICI sell Harrah's Louisiana Downs), NBIX +0.2% (to present new data from its movement disorder programs)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DOCU -5.6% (also names new CFO), MDLA -0.6% (also to acquire Stella Connect)
Companies trading lower in after hours in reaction to news: TSLA -3.8% (follows 9% drop on Thurs), LUV -1.4% (to provide service to Miami and Palm Springs later this year), SMH -1.4% (chip stocks weak on Bloomberg report that China is planning to develop its domestic chip industry to counter US restrictions), QDEL -1.2% (Pac-12 Conference announces deal with QDEL for daily COVID testing, according to website), MTCH -1.2% (DOJ closes investigation), JWN -0.6% (S&P downgrades To 'BB+' From 'BBB-'), HA -0.5% (eliminates change fees), AMX -0.1% (AMX and TEF terminate deal to purchase Telefonica Moviles El Salvador)
Some chip stocks are weak apparently on Bloomberg article that China is planning to develop its domestic semiconductor industry (see 17:49 comment): NVDA -4.8%, MRVL -3.4%, AMD -2.9%, SMH -1.5%, QCOM -1.2%