After Hours Summary: COIN +8.8% to join S&P 500; LSEA +58.4% to be acquired; ODD -7.2% on share sale
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GCT +16%, AIRJ +10%, MVST +8.8%, RLGT +6.7%, ACHC +5.5%, ARWR +4.7%, RPD +1.6%, SPG +0.9%, VTLE +0.9%, MRVI +0.9%, SARO +0.7%, HPK +0.6%, ZI +0.4%
Companies trading higher in after hours in reaction to news: LSEA +58.4% (to be acquired, will go private), COIN +8.8% (to join S&P 500), SATL +4.8% (enters into multi-million-dollar agreement with an Asia Pacific customer), BEAM +3.5% (FDA grants Regenerative Medicine Advanced Therapy designation to BEAM-302), MATX +1.9% (Director bought 2649 shares), AB +1.6% (reports April AUM), FDX +1.1% (FDX inks deal with AMZN, according to Business Insider), CATX +0.8% (provides update), GRAL +0.7% (new partnership with athenahealth), RPRX +0.7% (shareholder approval of its external manager acquisition), AX +0.5% (authorizes new $100 mln share repurchase program), AMC +0.4% (announces "50% Off Wednesdays" pricing initiative), EAT +0.1% (names new COO), CPA +0.1% (reports April traffic), CNR +0.1% (CEO bought 7500 shares), RTX +0.1% (awarded a $2.13 bln modification to Missile Defense Agency contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DDD -26.1%, EXOD -16.6%, RGTI -13.2%, INDI -12.1%, XENE -8%, GETY -7.1%, AQST -7%, POWI -4.7% (also authorizes new $50 mln share repurchase program), HTZ -3.6%, CNNE -2.9%, BCO -0.9%, MODG -0.8%, RPAY -0.5% (also increases share repurchase authorization to $75 mln, concludes strategic review), IAS -0.4%, DVA -0.2%, MLNK -0.1% (also names new CEO)
Companies trading lower in after hours in reaction to news: ODD -7.2% (announces sale of 5.5 mln shares by co-founder and CEO), SGI -6.4% (prices 15,376,743 share offering at $62/sh), EDIT -4.4% (appeals ct remands patent interference to patent trial and appeal board), FOX -3.1% (launches AI-driven converged media platform), AEE -1.7% (stock offering), TNGX -1.5% (files for $400 mln mixed securities shelf offering), MMM -1.3% (resolves PFAS-related claims), QGEN -0.3% (acquries Genoox AI-powered software for $70 mln), CTRI -0.3% (files for $500 mln mixed securities shelf offering)