After Hours Summary: MET -7%, RMBS -6% following earnings/guidance... EXTR +7.5% / PMT +4% joining S&P SmallCap 600After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HA +4%
Companies trading higher in after hours in reaction to news: PTI +13.4% (still checking for specific catalyst), SMRT +11.1% (rebounding from 36% decline today; announced after the close plans to assemble team to improve performance and explore strategic alternatives), EXTR +7.5% / GNBC +7.1% / PMT +4%(to join S&P SmallCap 600), DFFN +4.3% (doses the first patient in the Phase 3 clinical trial with trans sodium crocetinate in patients with newly-diagnosed inoperable glioblastoma multiforme), GERN +4.3% (continued strength), AR +4.1% (to evaluate various potential measures to address the discount in trading value of its stock relative to some of the premier U.S. large capitalization upstream independents), XXII +2.6% (modestly rebounding after closing near lows), TWTR +1.7% (continued strength), MXIM +1.1% (after late spike on CNBC report that the company is in talks to be acquired by Renesas), CY +1% (following late move higher on MXIM merger speculation)
A few optical names are higher following Loop Capital initiations: OCLR +1.5%, ACIA +1%, LITE +0.8%, ARRS +0.4% (initiated after the close with Buy rating at Loop Capital)After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MET -7.4%, RMBS -5.8%, SNHY -3.9% (ticking lower; also commenced public offering of 4 million shares of common stock), SANM -3.4% (light volume), IDTI -1.6%
Companies trading lower in after hours in reaction to news: EARS -18.9% (entered into a securities purchase agreement with investors providing for the purchase and sale of 12,499,999 common shares at a price of $0.44 per share), VTGN -11.8% (issues letter to stockholders as company prepares to initiate AV-101 Phase 2 study for major depressive disorder), UCTT -6.9% (commenced public offering of ~$100 mln of its common stock; intends to disclose in connection with the offering former shareholder dispute), SLNO -6.7% (files for 14,165,541 share common stock offering by stockholders including 6,024,425 warrant shares that may be purchased upon exercise of issued and outstanding warrants), AMRN -4% (commences offering of ADS), PE -3.8% (expects 4Q17 net production of 80-81 MBoe per day and 51-52 MBo per day), MYO -1.7% (continued weakness following today's 9.5% decline), CIFS -1.6% (pulling back -- was up more than 5% today), CBAY -1.2% (commences underwritten public offering of common stock)