After Hours Summary: MSFT +4.2% jumps on strong earnings; FFIV -6.2%, SBUX -1.4%, TXN -1.4%, AMD -0.5% head lower on earnings; WBA +8.4% jumps on report of new CEOAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WSBC +9.7%, COF +5.3% (also authorizes $7.5 bln stock repurchase program), MSFT +4.2%, SLGN +3.9%, MRTN +0.9%, RNST +0.2%, BXP +0.1%, WRB +0.1%
Companies trading higher in after hours in reaction to news: GME +55.6% (continues its short squeeze momentum), AMC +39.3% (continues its short squeeze momentum), CTMX +8.6% (Point72 Asset Mgmt discloses 9.1% stake), WBA +8.4% (to name Starbucks COO Roz Brewer as CEO, citing sources, according to WSJ), TLSA +6.1% (files for $250 mln mixed securities shelf offering), ALL +3.6% (to sell Allstate Life Insurance to Blackstone (BX) for $2.8 bln), BX +1.8% (purchases Allstate Life Insurance from ALL for $2.8 bln), SPWR +0.8% (expands SunPower Residential Installation program), BNFT +0.7% (provides update on corporate initiatives), LVS +0.6% (names new CEO, COO, CFO), IGT +0.5% (its PlaySports platform is powering FanDuel Sportsbook mobile app in Michigan), CCL +0.4% (mixed shelf offering), MDC +0.1% (announces stock dividend), RHP +0.1% (provides investor update in presentation), PB +0.1% (authorizes share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TTOO -14.9% (sees Q4 above consensus), HOPE -7%, FFIV -6.2%, LRN -5.5% (also CEO retires), CNI -3.9%, MXIM -2.9%, AGYS -2.5%, CHRW -1.5%, NAVI -1.4%, SBUX -1.4% (also COO to step down; CFO to retire), TXN -1.4%, AMD -0.5%, XLNX -0.3%, HA -0.2%, RNR -0.2%
Companies trading lower in after hours in reaction to news: AGIO -8.3% (provides Phase 3 data from ACTIVATE-T trial of mitapivat), TRXC -4.4% (enters into $25 mln bought deal offering), PLUG -4% ($1.5 bln stock offering), CBIO -3.6% (stock offering), PSNL -3.5% (stock offering), CALT -1% (stock offering), VAC -0.8% (convertible notes offering), GNW -0.8% (COO to step down), TWO -0.7% (convertible notes offering; also provides Q4 update), DCT -0.7% (stock offering), UNVR -0.1% (UNVR and NTR announce new exclusive partnership)