After Hours Summary: INTC +8.7% jumping on several headlines, including co-investment with AWS (AMZN); STLD -0.1% inches lower on guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HITI +5%
Companies trading higher in after hours in reaction to news: INTC +8.7% (co-investment with AWS (AMZN); turning foundry business into subsidiary, according to CNBC; postponing new factories in Germany and Poland, according to Bloomberg; CEO sends letter to employees), CMND +3% publishes international patent application), IMAB +2.8% (updated Phase 1 data), INSG +1.7% (to sell fleet management and telematics business for $52 mln), TTSH +1.1% (expands collaboration with new tile designs), CLF +0.2% (shareholders approve acquisition of Stelco), TCPC +0.1% (Chairman and CEO resigning; names new Chairman and CEO), SGML +0.1% (on track to deliver Q3 production target), HR +0.1% (CFO to step down; names new COO; reaffirms Q3 and FY24 guidance)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: STLD -0.1% (guidance)
Companies trading lower in after hours in reaction to news: ARAY -5% (to delay 10-K filing), BOX -2.4% (files $400 mln convertible notes offering), RCAT -2% (to delay 10-Q filing), CPF -2% (nearing deal to purchase Hawaiian Electric's bank, according to Bloomberg), MSTR -1.4% (to offer $700 mln convertible senior notes), UDMY -0.9% (eliminating 280 employees), DADA -0.9% (Walmart discloses selling stake in DADA), MTX -0.2% (introduces brand name for pet business), CYH -0.1% (to acquire 10 Arizona urgent care centers)