After Hoursaze Summary: FDX +2.6% gets a new CEO; NEO -22.1% falls as CEO steps down, co lowers Q1 guidance; JEF +3.8% higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: JEF +3.8%, DNA +3.8%
Companies trading higher in after hours in reaction to news: HBM +4.1% (provides annual reserve and resource update), FDX +2.6% (Raj Subramaniam to become new CEO), STNG +2.5% (enters into MoU with Carbon Ridge to develop onboard carbon capture), CWK +0.6% (to transfer business in Russia to local operator), RJF +0.5% (to acquire SumRidge Partners), AIG +0.2% (to rebrand Life & Retirement business as Corebridge Financial), BHLB +0.1% (expands partnership with FinTech firm Narmi to enhance its digital banking experience)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AVAH -18.4%, ZEV -10.4%, PLAY -9.4%, LIDR -6.3%
Companies trading lower in after hours in reaction to news: NEO -22.1% (CEO steps down, co lowers Q1 revenue and EBITDA guidance), SKYH -3.8% (stock offering), SWX -1.9% (commences $400 mln common stock offering), ATER -1.6% (stock offering), BLL -1.5% (to reduce operations in Russia), AMBA -0.7% (names new CFO), NVO -0.4% (FDA approves 2.0 mg dose of Ozempic), LUV -0.1% (reaches tentative labor agreement with customer service employees union)