After Hours Summary: FDX +8.9%, PL +16.4%, SCHL +9.4% higher on earnings; CORT +3% on insider buy
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CURV +20.8%, PL +16.4%, SCHL +9.4% (also to repurchase up to $200 mln of its stock through modified dutch auction tender offer), FDX +8.9%, YSS +6.8%, FLY +6.3%, GEMI +6.2%, ALMS +0.5% (also files mixed securities shelf offering)
Companies trading higher in after hours in reaction to news: CORT +3% (Director bought 100000 shares worth ~$3.31 mln), CHAC +2.7% (shareholders approve combination with Xanadu Quantum), BOX +2.3% (authorizes $500 mln increase to its share repurchase program), TRIP +1.7% (Chair of the Board Greg Maffei will not stand for re-election), ORN +1.6% ($125 mln in contract wins), WFG +0.8% (renewal of NCIB to repurchase shares), DHT +0.5% (files mixed securities shelf offering), QCOM +0.3% (shareholder approval on China risk was not approved), APO +0.2% (O and APO to establish partnership; APO to provide a $1 bln investment to O to acquire a 49% interest in a new joint venture), VNDA +0.2% (FDA grants landmark hearing for HETLIOZ in jet lag disorder), CRM +0.2% (Director bought 2,571 shares worth ~$500K), O +0.1% (O and APO to establish partnership; APO to provide a $1 bln investment to O to acquire a 49% interest in a new joint venture)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RLMD -2.4%, ASMB -1.1%
Companies trading lower in after hours in reaction to news: KNOP -8.7% (terminates discussion on proposed buyout offer from Knutsen NYK offshore tankers AS), FLOC -8% (announces launch of 7.8 mln share offering by selling stockholders), NVGS -6.2% (7 mln share offering by selling shareholder), UMAC -4.8% (stock offering), SATL -2.4% (files for $200 mln stock offering), AHRT -1.7% (files for $300 mln mixed securities shelf offering), SLDB -1.7% (two stock offerings by selling shareholders), CODA -1.3% (files for $100 mln mixed securities shelf offering; also files for 500,000 share offering by selling shareholders), ASMB -1.1% (files for $400 mln mixed securities shelf offering), LPLA -0.2% (reports Feb activity metrics)