After Hours Summary: JILL -37%, NSTG -10%, HAWK -7% following earnings/guidance, ACLS +5% and NMIH +4% to join S&P SmallCap 600, several biotechs on the moveAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: ARDX +32.4% (Pivotal Phase 3 study of Tenapanor for IBS-C hits primary and all secondary endpoints to support NDA submission in 2H18), ONCS +19.3% (confirms acceptance of late breaking abstract at upcoming Society for Immunotherapy of Cancer Meeting November 8-12), KTOV +16.5% (after 55% move higher today), BW +7.6% (VIEX Capital Advisors disclosed 6.4% active stake; believes the Board must take immediate action to monetize assets and make aggressive cost reductions), SRNE +6.8% (continued strength after 48% move higher today), ACLS +4.8% and NMIH +4% (to join S&P SmallCap 600), VNTR +3.3% (still checking), FPRX +3.7% (announces Cabiralizumab Phase 1a/1b data abstract selected for late breaking oral presentation), XL +3.2% (estimates Q3 preliminary hurricane related net losses of approx $1.33 bln and total catastrophe losses of $1.48 bln -- largely in line with co's expectations), SIGM +3.1% (ticking higher; announces major restructuring actions to accelerate the return to profitability; strategic review ongoing), DXC +2.7% (light volume; DXC Technology to combine its U.S. public sector business with Veritas affiliates to create independent, publicly traded company serving U.S. government clients), HLF +1% (seeing extended hours volatility after Carl Icahn affirmed active stake), RY +0.9% (to repurchase up to 5 mln shares under a specific repurchase program, ZTO +0.7% (is implementing certain increases in the prices of its delivery services), SQ +0.6% (continued strength after initially pulling back on Cramer tweet - 'monster fan of Square--but it has really run'; was initiated after the close with Outperform at Oppenheimer)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: JILL -37.3% (issued downside Q3 guidance citing lower than expected sales trend across both our retail and direct channels), NSTG -9.8%, HAWK -7.2%, FBM -1.5%, T -0.4% (slightly lower after reiterating 2017 guidance)
Companies trading lower in after hours in reaction to news: HMNY -17.9% (pulling back sharply after releasing MoviePass investment details), TRVN -17.3% (to streamline operations to focus on approval and commercial launch of OLINVO; halting its investment in early stage research), PTGX -12.4% (to offer and sell shares of its common stock in an underwritten public offering), KNDI -6.7% (files for $300 mln mixed securities shelf offering), AZRX -4.4% (thinly traded; files for $10 mln mixed securities shelf offering), CHS -0.9% (light volume; following J Jill guidance), CSCO -0.9% and FEYE -0.5% (ticking lower following JNPR guidance)