After Hours Summary: Healthcare stocks falling as CMS plans stepped up audits; URBN +15.3%, SNOW +7.5%, RAMP +7.3% higher on earnings; NVTS +186.4% on collab with NVDA; LUMN +12.2% on AT&T acquiring LUMN's Mass Markets fiber business; PBI +9.9% names new CEO
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: URBN +15.3%, SNOW +7.5%, RAMP +7.3%, DOMO +6.5%, AMSC +5.5%, ZM +0.2%
Companies trading higher in after hours in reaction to news: NVTS +186.4% (NVIDIA and NVTS announce collaboration on next-gen 800 V HVDC architecture), LUMN +12.2% (AT&T to acquire LUMN's Mass Markets fiber business for $5.75 bln, also reaffirms guidance), PBI +9.9% (names new CEO, will conduct a comprehensive strategic review), TIGO +2.7% (to acquire Telefónica Móviles del Uruguay S.A. for $440 mln), NKE +2.3% (to raise prices as soon as this week, according to CNBC; also NIKE to sell to Amazon for first time since 2019, according to TheInformation.com), NUVB +2% (to present new data), LNW +1.5% (shares multi-year growth strategy), CI +1.1% (CMS to enhance and accelerate Medicare Advantage audits), DNA +0.9% (names new CFO), INSM +0.7% (presents data on Brensocatib), T +0.4% (AT&T to acquire LUMN's Mass Markets fiber business for $5.75 bln), RTX +0.4% (awarded a $380 mln modification to previously awarded US Air Force contract), PFE +0.3% (sees FDA setback on prostate cancer drug, according to Bloomberg), RDN +0.2% (authorizes new $750 mln share repurchase program), F +0.1% (Nissan nearing deal to procure EV batteries in US from Ford / SK JV, according to Bloomberg), DIS +0.1% (NBCUniversal bids for MLB rights that ESPN dropped, according to WSJ), PLTR +0.1% (awarded a $795 mln modification to US Army contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ENS -2.9%
Companies trading lower in after hours in reaction to news: SOC -6% ($200 mln stock offering), UNH -4.5% (CMS to enhance and accelerate Medicare Advantage audits), ESLT -4.3% (files mixed securities shelf offering), LAZR -4.3% (obtains $200 mln capital commitment), CVS -4.2% (CMS to enhance and accelerate Medicare Advantage audits), HUM -4% (CMS to enhance and accelerate Medicare Advantage audits), MELI -2% (names new CEO), ELV -1.5% (CMS to enhance and accelerate Medicare Advantage audits), CNC -1.4% (CMS to enhance and accelerate Medicare Advantage audits), AWK -1.1% (court affirms desalination project), CCI -1% (decreases dividend), UVV -0.8% (increases dividend), SYNA -0.7% (hires former Qualcomm exec as its new CEO), EQH -0.6% (increases dividend), MOH -0.4% (CMS to enhance and accelerate Medicare Advantage audits), NVDA -0.2% (NVIDIA and NVTS announce collaboration on next-gen 800 V HVDC architecture), LLY -0.1% (announces marketing authorization for Kisunla in Australia), CVEO -0.1% (awarded contract with met coal producer), WMT -0.1% (to cut around 1,500 jobs in a restructuring, according to WSJ), CMCSA -0.1% (NBCUniversal bids for MLB rights that ESPN dropped, according to WSJ)