After Hours Summary: IRBT -33.2% falls on WSJ report that EU will block acquisition by AMZN; WEN +1.1% ticks higher as it names former PEP exec as new CEO; SMCI +6.9% higher on guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SMCI +6.9%, JBHT +2.7%, OZK +0.4%, MATX +0.2%
Companies trading higher in after hours in reaction to news: AXGN +5.2% (topline results from its REPOSE clinical study), CHRS +4.6% (presents Phase 2 clinical data on Casdozokitug), VSTM +3.5% (FDA grants Fast Track designation for Avutometinib/Sotorasib treatment), GHRS +2.1% (announces grant of European patent covering all Mebufotenin and Mebufotenin salt products), ACIC +1.3% (names new CFO), WEN +1.1% (names former PEP exec as new CEO; reaffirms FY23 guidance), BBY +0.5% (BBY and BCE partner to operate 165 consumer electronics stores in Canada), GTLB +0.5% (names long tim GOOG exec as its new CTO), PLL +0.3% (to sell a portion of shares it holds in Atlantic Lithium to Assore), SPOT +0.2% (GOOG and SPOT joining NFLX by not launching applications for upcoming AAPL Vision Pro, according to Bloomberg), NVRO +0.1% (Carelon Healthcare will publish a new interventional pain mgmt policy that expands spinal cord stimulation coverage), GOOG +0.1% (GOOG and SPOT joining NFLX by not launching applications for upcoming AAPL Vision Pro, according to Bloomberg)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FNB -6.1% (also completes sale of $650 mln of available-for-sale securities; transfers $355 mln of indirect auto loans to held-for-sale), PPG -1.3%
Companies trading lower in after hours in reaction to news: IRBT -33.2% (EU to block AMZN's previously announced IRBT acquisition, according to WSJ), ESPR -15.3% (stock offering), ASTS -7.7% (ASTS gets investment from T, GOOG and VOD and aggregate new financing of up to $206.5 mln; also launches $100 mln stock offering), BECN -0.8% (stock offering by selling shareholder), AAPL -0.4% (GOOG and SPOT joining NFLX by not launching applications for upcoming AAPL Vision Pro, according to Bloomberg), M -0.1% (to cut 3.5% of its workforce, according to WSJ), NFLX -0.1% (GOOG and SPOT joining NFLX by not launching applications for upcoming AAPL Vision Pro, according to Bloomberg)