After Hours Summary: Earnings make return after holiday break, SGH -5.1% and MLKN -4.3% head lower; WEJO +26.7% jumps on partnership with MSFT; INSP +5.4% higher on bullish guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SENS +26.8% (reaffirms FY21 revenue guidance, also provides operational updates), INSP +5.4% (issues upside Q4 revenue guidance), ACMR +3.6% (guides FY21 and FY22 revs above consensus)
Companies trading higher in after hours in reaction to news: WEJO +26.7% (announces Wejo Natural Edge platform, in partnership MSFT), ONCT +10.3% (announces agreement with the FDA on Phase 3 registrational study design for zilovertamab), BYND +7% (KFC to launch Beyond Meat's meatless chicken on its menus starting Monday, according to CNBC), BCEL +2.1% (to present data on broadly neutralizing SARS-CoV-2 antibodies), MTRX +0.8% (adds execs to grow market position in hydrogen and renewable energy), NTNX +0.7% (eliminates dual-class stock structure), VAL +0.6% (announces several new contract awards), AMBA +0.3% (launches CV3 AI domain controller family), CATO +0.2% (announces planned retirement of CFO), BA +0.2% (ALGT to purchase 50 737 MAX jets totaling $5 bln, according to Reuters), FNKO +0.1% (names new chairman)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGH -5.1% (also announces 2-for-1 stock split), MLKN -4.3%
Companies trading lower in after hours in reaction to news: ANNX -25.1% (reports Phase 2 data for ANX005 in Huntington's disease), SWIM -8% (stock offering), ARE -3.5% (stock offering), ZYNE -0.3% (provides clinical development updates)