TICKER ALERT: WRAPX
After Hours Summary: CSX +4%, UAL +3.4%, IBM -3%, NFLX -1.2% following earnings/guidance, SFS +20% on APO buyout newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CSX +4.1%, UAL +3.4%
Companies trading higher in after hours in reaction to news: SFS +19.7% (to be acquired by funds managed by affiliates of Apollo Global Management), JMIA +8.7% (recent IPO momentum continues), TUFN +8.2% (continued volatility in recent IPO name), ADVM +6.7% (Adverum Biotech to present new preclinical non-human primate data that add to the growing body of evidence demonstrating ADVM-022 gene therapy's long-term durability and safety), QCOM +5.5% (continued strength following AAPL / QCOM news; also upgraded to Buy from Hold at Stifel), SELB +5.2% (to present new preclinical data from its gene and cell therapy program), ORGO +4.4% (initiated with Outperform at Oppenheimer), TDOC +1.8% (initiated with Overweight rating and $75 tgt at Stephens), ERIC +1.2% (ahead of earnings tomorrow before the open)
Rail names are moving higher on light volume following CSX earnings results: NSC +1.4%, KSU +1%, UNP +0.6%, CNI +0.4%
Airlines lifting along with UAL following earnings/guidance: AAL +1.2%, LUV +1.2%, ALK +0.5%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IBM -2.9%, NFLX -1.2%
Companies trading lower in after hours in reaction to news: S -7% / TMUS -4% (T-Mobile US and Sprint trade lower on WSJ report suggesting unlikely DOJ merger approval), NTRA -6.7% (files for $100 mln common stock shelf offering), ARNC -1.9% (attributed to block trade pricing), VZ -0.9% (carrier indicated lower after WSJ reported that the DOJ may not approve TMUS / S merger), FNKO -0.6% (light volume; announces that CFO Russell Nickel will step down by the end of 2019), APHA -0.5% (proposes private offering of US$300 mln convertible senior notes due 2024)