After Hours Summary: MTCH -22%, CGNX -15.5%, SEDG -12.2%, ABNB -8%, AMD -5.8% lower on earnings; AYX +12.8%, PYPL +11.6%, HLF +10.9%, RNG +7.8%, SOFI +7.3% higher on earnings; SWIR +6.8% as it agrees to be acquiredAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AYX +12.8%, EVH +11.8%, PYPL +11.6% (also authorizes new $15 bln share repurchase program; also confirms $2 bln stake from Elliott Mgmt and enters into info sharing agreement with the activist investor), HLF +10.9% (also announces Herbalife One digital platform), ANDE +9.1%, RNG +7.8%, SOFI +7.3%, CWH +7%, GXO +6.5%, UNM +5.2%, TEX +4.3%, SPNE +4.2%, INSP +3.5%, NMIH +3%, PEAK +2.3%, LPLA +2.2%, OI +1.6%, PAYC +1.5%, SBUX +1.5%, EA +1.2%, CRUS +1.1% (also authorizes new $500 mln share repurchase program), EXR +0.9%, GILD +0.8%, WCN +0.7%, PTRA +0.7%, CXW +0.3%, FNF +0.3%, PUMP +0.2%, SKY +0.2%, AIZ +0.1%, JJSF +0.1%, LTHM +0.1%
Companies trading higher in after hours in reaction to news: ARQT +6.9% (commences $150 mln stock offering), SWIR +6.8% (SMTC to acquire SWIR for $31/sh), CRNT +5% (AVNW increases bid for CRNT to $3.08/sh, up from prior offer of $2.80), STAR +3.3% (STAR in advanced discussions re potential transaction with SAFE, per 13D filing), SQ +2.7% (in sympathy with strong PYPL earnings), RIGL +2.3% (RIGL and FMTX entered into license agreement for olutasidenib), LUMN +2.2% (awarded US Defense contract worth up to $1.5 bln), ETD +1.9% (declares special dividend to $0.50/sh), CDXS +1.2% (signs license and supply agreement with Molecular Assemblies), NKLA +1.1% (shareholders approve proposal allowing co to increase the number of authorized shares), SNV +0.9% (files mixed securities shelf offering), FMS +0.7% (CTSO and FMS expand partnership with global collaboration), ROL +0.5% (names new CFO), SMTC +0.3% (SMTC to acquire SWIR for $31/sh), HCC +0.2% (declares special dividend of $0.80/sh), TEVA +0.1% (facing supply disruptions for ADHD medication Adderall, according to Bloomberg)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MTCH -22%, CGNX -15.5%, SEDG -12.2%, KN -11.5% (also announces restructuring within Audio segment), AVID -11%, CDLX -9.1%, CNDT -8.7%, ABNB -8% (also authorizes new $2 bln share repurchase program), MRCY -7.4%, BFAM -6.9%, AMD -5.8%, STE -5.7%, OSH -5.5%, APAM -4.9%, DENN -3.9%, PRU -3.5%, MGY -3.3%, SRPT -3.1%, EXAS -3%, CZR -2%, MSTR -1.9% (also to separate Chairman and CEO roles), SCI -1.8%, OXY -1.3%, VOYA -1.1%, HOOD -1% (also to reduce headcount by 23%), SPT -0.9%, TSLX -0.7%, CTRA -0.6%, TX -0.6%, DCP -0.5%, MCHP -0.5% (also increases dividend), PFSI -0.2%, KAI -0.1%, KAR -0.1%, THG -0.1%
Companies trading lower in after hours in reaction to news: INFN -9% (commences $275 mln convertible notes offering), SOND -7.6% (names new COO), BMBL -6.2% (in sympathy with weak MTCH earnings), AXNX -5.9% (commences 1.75 mln stock offering), EXAS -3% (collaboration agreement with West German Study Group; also MDXH acquires Oncotype DX GPS test from EXAS), NDAQ -2.1% (reports July trading volumes), EXPE -2.1% (in sympathy with ABNB earnings), ENPH -1.8% (in sympathy with weak SEDG earnings), PFHC -1.7% (stock offering), BKNG -1.4% (in sympathy with ABNB earnings), TRIP -1.2% (in sympathy with ABNB earnings), SGFY -0.7% (to explore strategic alternatives, according to WSJ), SKT -0.1% (partnership with Clarion Partners)