After Hours Summary: IQ -17.4% falls on SEC investigation; BIDU -7.6% down on earnings; DDS +17.6%, AMAT +2.5% up on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DDS +17.6%, FTCH +9.6%, AZRE +5.6%, TGH +3.2%, AMAT +2.5%, GLOB +1.5%, MYGN +0.5% (also names new CEO)
Companies trading higher in after hours in reaction to news: TFFP +22.1% (licensing agreement with UNION therapeutics), KMDA +13.9% (three patients treated with passive vaccine released from hospital, according to Jerusalem Post), MESO +3.3% (hearing FDA Advisory Committee voted that data supports efficacy of remestemcel-L), LMNL +2.5% (stock offering), PLXS +2.1% (announces $50 mln share buyback plan), TSLA +1% (hinting at working on a new car model made in China, according to Electrek), LPLA +0.4% (releases monthly activity report for July), AZO +0.1% (to hire more than 20,000 new employees), MLM +0.1% (increases dividend), WEX +0.1% (stock offering), CLB +0.1% (files mixed securities shelf offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PAYS -19.8%, IQ -17.4% (also discloses SEC investigation), PRPL -10.6%, BIDU -7.6% (also increases share repurchase authorization from $1 bln to $3 bln), DUO -4.8%, HOLI -0.1%
Companies trading lower in after hours in reaction to news: EQ -15.6% (stock offering), OPTN -9.4% (stock offering), RMNI -9.1% (stock offering), CACC -6.2% (discloses additional subpoenas from the Attys General of MD and NJ), NOVA -6% (stock offering), IPI -4.1% (1-for-10 reverse stock split), DYAI -2.5% (stock offering), BX -0.4% (commits to invest in up to $300 mln of residential solar loans through Loanpal), AR -0.3% (S&P ratings placed on CreditWatch), JD -0.1% (to acquire controlling interest in Kuayue Express)