After Hours Summary: JBLU makes bid for SAVE, setting up possible bidding war with ULCC; GOGO +11% on news it will join S&P SmallCap 600; ARRY +14.7% up nicely on earnings, new CEO
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ARRY +14.7% (also names new CEO), NG +5%
Companies trading higher in after hours in reaction to news: GOGO +11% (to join S&P SmallCap 600), BCEL +3.9% (BCEL announces licensing agreement with ZYME), OSK +1.2% (House Committee holds hearing on USPS' truck contract, according to Electrek), RIVN +1% (provides Q1 production data, says well-positioned to meet 25,000 annual production guidance), IOVA +0.8% (provides regulatory and clinical updates for lifileucel in metastatic melanoma; plans to complete BLA submission by August), RIOT +0.7% (provides production and operations update for March), PSB +0.2% (names new CEO), REXR +0.1% (acquires four properties for $83 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGH -1.8% (also authorizes $75 mln for share repurchases)
Companies trading lower in after hours in reaction to news: SAVE -1.8% (JBLU makes bid to acquire SAVE for $33/sh in cash; ULCC already has merger deal with SAVE, sets up possible bidding war), ULCC -1.6% (JBLU makes bid to acquire SAVE for $33/sh in cash; ULCC already has merger deal with SAVE, sets up possible bidding war), CRDF -0.8% (files mixed securities shelf offering), JBLU -0.7% (JBLU makes bid to acquire SAVE for $33/sh in cash; ULCC already has merger deal with SAVE, sets up possible bidding war), ADI -0.6% (announces new long-term financial modeling at Investor Day), ZYME -0.3% (BCEL announces licensing agreement with ZYME), NINE -0.3% (files for $250 mln mixed shelf offering; also files offering by selling shareholders), CBOE -0.2% (reports trading volume for March)