After Hours Summary: MTN +4.5%, JEF +1.6% higher on earnings; Yellen wants to stay as Treasury Sec after midterms, according to Bloomberg TaxAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MTN +4.5%, JEF +1.6%, MLKN +1.1%, NAPA +0.5%
Companies trading higher in after hours in reaction to news: DCFC +6.4% (to supply fast chargers for Australia's longest EV highway), MOR +2.9% (announces data from the ongoing L-MIND study), PCG +2.2% (files application to separate its non-nuclear generation assets into stand-alone subsidiary; also reaffirms guidance), LYB +2.1% (ethylene cracker in France will not restart until early 2023), WK +1.5% (WK is drawing takeover interest from private equity firms, according to Bloomberg Tax), SVC +1.1% (to sell 16 hotels for $137.3 mln), ALGN +0.5% (introduces Invisalign Virtual Care AI), CBRL +0.2% (CBRL enters into nomination and cooperation agreement with BH), PLD +0.1% (PLD and DRE shareholders approve previously proposed merger), OVV +0.1% (receives regulatory approvals for the renewal of its share buyback program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CNXC -0.7%
Companies trading lower in after hours in reaction to news: AMPS -12.9% (selling stockholder to offer and sell 7 mln shares), SUNL -12.1% (withdraws previous FY22 outlook), IVVD -5.1% (files for $400 mln mixed securities shelf offering), MNTS -3.3% (launches 3-yr, $50 mln at-the-market equity program), FEAM -2.6% (CEO to step down; co also reports earnings), ADC -2% (commences public offering of 5 mln shares), TUR -1.3% (Turkey will continue cutting interest rates, according to Reuters), VLTA -1% (announces organizational realignment; to cut 10% of employees; guides Q3 revs below consensus; withdraws FY22 revenue guidance), CTLP -0.5% (to delay 10-K filing), MN -0.2% (extends outside date for merger with Callodine), SBUX -0.1% (increases dividend), ATCO -0.1% (confirms receipt of revised proposal from Poseidon to acquire ATCO for $15.50/sh), ALSN -0.1% (Isuzu launches new truck in Taiwan featuring Allison transmission)