After Hours Summary: GDRX +55.9%, LMND +13%, SWAV +8.6%, QLYS +7.4%, PUBM +7% higher on earnings; NVAX -32.5%, CARG -15.6%, DDD -13.8%, TREX -11.2%, UPST -9.8% lower on earnings; HEAR -34% falls on earnings an decision to remain independentAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GDRX +55.9%, LMND +13%, EGIO +10%, SWAV +8.6%, QLYS +7.4%, PUBM +7%, DM +4.8%, VLDR +4.7%, DCGO +4.2%, NWSA +3.6%, HBM +3.4%, PFG +3.3%, DOCN +2.3%, AAON +2%, INSG +1.5%, OKE +1.5%, VAC +1.3%, CBT +1.2%, BCOR +1%, APPS +0.8%, AIG +0.5% (also to defer Corebridge Financial IPO), HIMS +0.5%, MRC +0.3%, ESE +0.2%, PRA +0.2%, VSAT +0.2%, PRI +0.1%
Companies trading higher in after hours in reaction to news: MRSN +17% (MRSN announces collaboration with GSK, granting option to co-develop and commercialize XMT-2056), RXST +5.4% (files for $200 mln mixed securities shelf offering), VALN +4.1% (PFE and VALN announce initiation of a Phase 3 clinical study), MDU +3.2% (Corvex discloses 4.99% active stake; intends to enter into discussions), SKIN +0.8% (Luxor Capital Group discloses 5% passive stake), GSK +0.2% (MRSN announces collaboration with GSK, granting option to co-develop and commercialize XMT-2056), EVTL +0.1% (stock offering), CRM +0.1% (names new COO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NVAX -32.5%, CARG -15.6%, TASK -14.9%, BIRD -14.8%, VRM -14.6%, DDD -13.8%, WPRT -12.3%, TREX -11.2% (expects a significant reduction in revs in 2H22), UPST -9.8%, CLOV -8.8% (also to transition role of CEO to co-founder Andrew Toy), BLNK -7.9%, FRPT -7.8%, ME -7%, SDC -7%, VXRT -6.8%, LPSN -6.5%, EHTH -6.4%, ACCO -5.7%, NCMI -5.6%, OPRT -4.9%, FGEN -4.1% (also files mixed securities shelf offering), TXG -4.1%, GRPN -3.7%, YMAB -3.7%, ACM -3.4%, TTWO -3.4%, ACAD -3.1%, DOOR -2.3%, IGMS -1.8%, SKT -1.6%, ICUI -0.6%, HLIO -0.2%, VVNT -0.2%, NE -0.1%, NHI -0.1%, SWCH -0.1%, PWSC -0.1%, TPTX -0.1%
Companies trading lower in after hours in reaction to news: CRMD -61.1% (receives a second CRL regarding DefenCath NDA), HEAR -34% (provides update on strategic review; will remain a standalone business; also reports earnings), QTRX -25.7% (exec chairman stepping down), SOVO -9.4% (stock offering), PTLO -6% (stock offering), PFLT -5.7% (stock offering), GOEV -4.8% (files mixed securities shelf offering), METC -3.2% (to acquire 100% of membership interests in Maben Coal LLC for $30 mln), RLYB -1.7% (files for $300 mln mixed securities shelf offering), KRTX -1.2% (stock offering), BRBR -1.1% (stock offering), RCUS -0.4% (names new CMO), PFE -0.3% (PFE and VALN announce initiation of a Phase 3 clinical study)