After Hours Summary: DAVE +32.4%, PAY +26%, CAVA +16.2%, ICUI +6.7%, SPOT +6.4% higher on earnings; RIVN +8.2% to launch JV with VW; HNRG +17.7% on deal with data center developer
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DAVE +32.4%, PAY +26%, RKLB +23.5% (also signs multi-launch agreement with satellite operator; also awarded a federal defense contract), CAVA +16.2%, NTRA +14%, DNA +11.2%, HNST +10.6%, AMBC +10.4% (also authorizes new $50 mln share repurchase program), RPAY +7.5%, PRDO +7.4%, ICUI +6.7% (also creates joint venture), SPOT +6.4%, MODG +6.1%, SDRL +6%, CAE +5.1% (also CEO to step down), RXT +4.9%, FNA +3.5%, BHVN +3.3%, DHT +2.9%, PUBM +2.6%, OXY +0.8%, NATL +0.6%, TTGT +0.3%, SU +0.1%
Companies trading higher in after hours in reaction to news: HNRG +17.7% (signs term sheet with data center developer to supply power for 10+ years; also reports earnings), DSP +12.8% (acquires IRIS.TV), RIVN +8.2% (RIVN and Volkswagen (VWAGY) to launch joint venture), SNY +6.6% (treatment of acute myeloid leukemia granted orphan status by FDA), MRVI +6.3% (Exec Chairman disclosed the purchase of 175,000 shares), MIST +4.3% (files $250 mln mixed shelf securities offering), EXAI +2.2% (EXAI shareholders voted in favor of RXRX merger), RCEL +1% (signs distribution agreement with Revolution Surgical to expand into Australia and New Zealand), RXRX +0.9% (EXAI shareholders voted in favor of RXRX merger), IONQ +0.7% (issued 5 new patents), VKTX +0.7% (to Present Data from Phase 2b VOYAGE Study), AB +0.4% (reports Oct AUM), AMZN +0.4% (Jeff Bezos sold another 5,992,724 shares), JNJ +0.2% (receives IDE approval for OTTAVA robotic surgical system), AER +0.1% (insurance policy settlement update)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SIBN -22.5%, CHGG -14.4% (also undertakes additional restructuring, $300 mln increase to securities repurchase program), ZI -12.8%, RUM -12.2%, RKT -10.9%, SOUN -7%, PGNY -6.9%, PLUS -6.3%, MARA -6%, CART -5.3%, IAS -5%, PRTA -5%, LNW -4.4%, SWKS -2.6%, CNNE -1.6%, CRNX -1.3% (also to showcase pipeline advancements), MTTR -1.2%, HPP -0.5%, NVEI -0.5%, WULF -0.4%, AHR -0.1%
Companies trading lower in after hours in reaction to news: SAVE -39.1% (moving toward bankruptcy after merger talks with ULCC break down, according to WSJ), GRPN -20.7% (negotiates with convertible notes holders; also reported Q3 results), SGMO -9% (files $500 mixed shelf securities offering), GDYN -8.5% (stock offering), VVX -5.4% (stock offering), LAZR -4.4% (to delay 10-Q filing), OS -3.7% (15 mln share offering), EBS -1.9% (stock offering by selling shareholders, relates to warrants), SHOP -1.8% (files mixed shelf securities offering), ETNB -1.1% (commences $100 mln offering), EXP -0.4% (files mixed shelf securities offering), RGEN -0.4% (to delay 10-Q filing)