After Hours Summary: MCHP +3.2% nicely higher on upside guidance; ZETA +7.4% on strategic collaboration with OpenAI; VEEV +2.1% after authorizing new $2 bln share repurchase program
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MCHP +3.2% (guidance)
Companies trading higher in after hours in reaction to news: DRUG +9.8% (to announce topline results for BMB-101 Phase 2 trial), ZETA +7.4% (strategic collaboration with OpenAI), ALMS +6.9% (to report Phase 3 ONWARD topline data), VST +5.8% (to acquire Cogentrix Energy), OVID +3.8% (Point72 Asset Management discloses 5.1% stake), UAA +3.7% (Fairfax Financial discloses 22.2% stake), GPCR +3.4% (unit signs license with Genentech and Roche), VEEV +2.1% (authorizes new $2 bln share repurchase program), FTI +1.9% (awarded iEPCI contract for bp's 20K Tiber Project in the Paleogene), BRX +1.3% (update on Q4 investment activity), PENN +0.9% (new corporate organizational structure), GTLB +0.5% (CTO to resign), CABO +0.4% (to acquire all of the equity interests in Mega Broadband Investments Holdings), RTX +0.3% (awarded $438 mln FAA contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None.
Companies trading lower in after hours in reaction to news: JCAP -4.4% (secondary public offering of 10 mln shares), DVLT -4.2% (stock offering), CRNX -1% (proposed public offering of common stock), APGE -0.9% ( to report interim results from the Phase 1b trial of APG777 ), O -0.8% (announces $750 mln convertible notes in a private offering), DOW -0.1% (CTO to retire, names new CTO)