After Hours Summary: FLUT +9.2%, MRCY +8.8%, XP +7.2%, INTA +6.1% higher on earnings; GOOG -1.1% on Bloomberg report that DOJ considers breaking up Google following court ruling
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SERV +11.3%, GRAL +10.5%, FLUT +9.2% (also does not plan to match rival DKNG, which plans to introduce a player surcharge in high-tax states, according to Bloomberg), MRCY +8.8%, XP +7.2%, INTA +6.1%, SVM +5.8%, CAE +4.5%, SLDB +4.3%, NU +3.7%, FATE +3%, NATL +2.1%
Companies trading higher in after hours in reaction to news: NAVI +8.2% (to sell equity interests in Xtend Healthcare for $365 mln), FIX +3.1% (increases share buyback authorization to 1 mln shares), ALL +1.3% (to sell American Heritage units to StanCorp for $2 bln in cash), USFD +1.2% (to repurchase $221 mln of its shares owned by a fund), LUV +1.1% (Elliott Mgmt to launch proxy fight, according to WSJ), SLRN +0.8% (announces phase 3 data for Izokibep; focuses strategy on Lonigutamab), LYFT +0.6% (CEO bought 51,815 shares), CC +0.1% (opens battery innovation center to accelerate evolution of EV batteries)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OUST -17%, IBTA -7.7% (also announces partnership with Instacart), NPCE -3.8%, USPH -3.7%
Companies trading lower in after hours in reaction to news: RNA -4.4% ($250 mln stock offering), ACHR -2.2% (files for 49,283,582 share offering by selling shareholders), DKNG -2.1% (rival FLUT says it does not plan to match DKNG, which plans to introduce a player surcharge in high-tax states, according to Bloomberg), GOOG -1.1% (DOJ considers breaking up Google following court ruling, according to Bloomberg), CART -0.5% (strategic partnership with Ibotta), GM -0.5% (AG of Texas suing co for collecting drivers' data and selling it), BA -0.1% (NASA to provide update on evaluation of spacecraft's readiness)