After Hours Summary: CMTL -8%, PATH -8% trade lower on earnings; SHW -1.1% falls on guidance; GSL jumps +7.1% as it will purchase 12 containershipsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AGX +2.3%, AMSWA +0.5%, ABM +0.3%
Companies trading higher in after hours in reaction to news: LYRA +15% (announces positive outcome of End-of-Phase 2 Meeting with FDA for LYR-210), GSL +7.1% (purchases 12 containerships for $233.9 mln), DCRC +5.2% (Solid Power rumored to be going public via SPAC deal with DCRC, according to Bloomberg), VAL +3.8% (awarded 3-yr floater contract), KNSA +3.5% (announces patent for treatment of recurrent pericarditis), WOR +2.6% (acquires certain assets of Shiloh's US BlankLight business), TMDX +1.3% (announces presentation of OCS Liver PROTECT trial results), CCX +0.7% (expects to close transaction with Skillsoft on June 11), HEAR +0.7% (renews and extendes partnership with Call of Duty Challenger team, Team WaR), MESA +0.2% (reports May 2021 operating performance), WFG +0.2% (increases dividend and share buyback auth), KSU +0.2% (Surface Transportation Board sets schedule for review), CNS +0.1% (reports May AUM), HII +0.1% (shipbuilding division awarded contract with potential total value of $724 mln), LH +0.1% (Pixel by Labcor COVID-19 PCR Test Home Collection Kits now available in Walgreens), MITK +0.1% (names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CMTL -8%, PATH -8%, BEST -6.2%, CVGW -3.9%, SHW -1.1% (raises Q2 rev guidance, raises FY21 EPS and rev guidance ), CASY -0.4%
Companies trading lower in after hours in reaction to news: ONDS -14.6% (stock offering), EYES -4.9% (files for $250 mln mixed securities shelf offering), CVM -4% (announces bought deal offering of common stock), LFMD -3.2% (files for $150 mln mixed securities shelf offering), ACRS -2% (stock offering), THCB -1.7% (Microvast announces partnership with Gaussin), SPNE -1.7% (announces limited commercial launch of 3D-printed WaveForm L), ITI -1.4% (files for $100 mln mixed securities shelf offering), OUST -1.4% (to be the exclusive lidar supplier for PARIFEX's ETU Project), OVV -0.4% (CEO to retire), BA -0.2% (seeks increase in Air Force One fixed-price contract, according to FT.com), CLVT -0.1% (commences offerings of ordinary shares and convertible preferred shares)