After Hours Summary: CRNX +99.9% soars on news it will be acquired by VRTX for $85/share in cash; LAES +0.7% ticks higher on guidance; RXST -1.8% lower after updating guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LAES +0.7% (guidance), ABBV +0.1% (guidance)
Companies trading higher in after hours in reaction to news: CRNX +99.9% (to be acquired by VRTX for $85/share in cash, representing an equity value of approximately $10 bln), TTRX +2.7% (to present findings from interim analysis of its ongoing adaptive Phase 2 trial of GX-03 in atopic dermatitis), FTI +1.9% (awarded contract for Eni's Baleine Phase 3 development offshore Côte d'Ivoire), ALC +1.7% (non-exclusive collaboration with RXST), GLXY +1.4% (completes delivery of first phase of power at Helios data center campus), TM +0.6% ($3.6 bln expansion at its San Antonio plant), LHX +0.6% (awarded a $499.5 mln Missile Defense Agency contract), NUVB +0.1% (full exercise of greenshoe option in convertible notes offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RXST -1.8% (updates guidance in connection with ALC collaboration)
Companies trading lower in after hours in reaction to news: RIVN -7.9% (stock offering; also guidance), VRTX -2.2% (to acquire Crinetics Pharmaceuticals for $85/share in cash), LMT -0.2% (awarded a $142.9 mln Air Force contract), WMT -0.1% (to lower prices)