After Hours Summary: FDX +14.9% gaps higher on MayQ results; RIVN +49.2% energized on Volkwagen JV; WOR -9.3% falls following quarterly results
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FDX +14.9%
Companies trading higher in after hours in reaction to news: RIVN +49.2% (establishing JV with Volkwagen), TGLS +12.8% (conducting review of strategic alternatives; reiterates FY24 outlook), LCID +12% (trades in sympathy with RIVN), GTI +4.1% (stock offering), MEI +1.3% (appoints new CEO), ACIC +1.2% (enters 5-year extension of MGA Agreement), GVA +0.9% (awarded $25 mln contract), ARGX +0.5% (highlights autoimmune pipeline), AIRC +0.1% (approve acquisition by Blackstone (BX)), AI +0.1% (appoints new Interim COO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WOR -9.3%, PRGS -0.1%
Companies trading lower in after hours in reaction to news: ALLK -16.1% (Phase 1 Trial of AK006 results), TXO -8.9% (stock offering), ANNX -0.4% (presents Phase 3 results), CPNG -0.1% (appoints MSFT AI VP to Board), GM -0.1% (hires new CEO for Cruise division)