After Hours Summary: NAVI +6%, IBM / COF +3%, NFLX +2.3% are higher, while AMTD -1.5% is lower following earnings/guidance, CIT +5.8% on S&P MidCap 400 addition newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NAVI +6%, IBM +3.4%, COF +2.7%, NFLX +2.3%, ADPT +1.5% (also files for 8 mln share common stock offering by selling shareholders)
Companies trading higher in after hours in reaction to news: MNLO +7.4% (Point72 discloses 5.8% passive stake), CIT +5.8% (to join S&P MidCap 400), ACMR +3.6% (initiated with Overweight at Morgan Stanley), HZNP +3.3% (extending late move higher after announcing the FDA approved TEPEZZATM for the treatment of thyroid eye disease), SKT +3% (to join S&P SmallCap 600), FBK +2% / FSB +1.6% (FB Financial [FBK] announces merger agreement with Franklin Financial Network [FSB]), SCPL +1.9% (light volume; initiated with Buy at DA Davidson), INTC +0.3% (Andy Bryant stepped down as Chairman; independent director Omar Ishrak to succeed Bryant as an independent Chairman, effective immediately)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FULT -2.3%, ZION -1.7%, IBKR -1.6% (light volume), AMTD -1.5%, UAL -0.6%
Companies trading lower in after hours in reaction to news: NVAX -15% (files prospectus supplement relates to the issuance and sale of up to $100 mln common stock), ADAP -5.8% (announces intended public offering of ADSs), APLT -4.4% (announces public offering of 1.75 mln shares of common stock), SIBN -4.2% (light volume; commences public offering of 4.3 mln shares of common stock by SI-BONE and selling stockholders ), KSU -3.3% (downgraded to Hold at Deutsche Bank), BPMC -2.8% (commences public offering of $325.0 mln in shares of its common stock), EFC -2.6% (announces public offering of 4.6 mln shares; expects to use proceeds to acquire targeted assets), ELAN -2.3% (files mixed securities shelf offering), ZYME -1.5% (files preliminary prospectus supplements for offering of common shares and pre-funded warrants), ZLAB -1.3% (commences public offering of 5.5 mln ADSs; shareholder QM11 Limited intends to make secondary offering of 500,000 shares), RIO -0.5% (downgraded to Market Perform at BMO Capital Markets)