After Hours Summary: CNXN +5% on joining S&P SmallCap 600, MCHP and IDCC both had bullish rev guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: XERS +22.6% (positive results from in-clinic stage of Phase 2 study of RTU glucagon), CNXN +5% (to join S&P SmallCap 600), MCHP +4.9% (raises Q3 revenue guidance), IDCC +3.3% (guides Q4 revs above consensus), LPG +0.1% (to join S&P SmallCap 600).
After Hours Losers:
Companies trading lower in after hours in reaction to news: ITCI -2.1% (10 mln share offering), RNR -1.6% (1.74 mln share offering by Tokio Marine), MRK -0.9% (KEYTRUDA showed "significantly improved" progression-free survival vs. chemotherapy, but study did not meet other dual primary endpoint).
