After Hours Summary: NKE -10.3%, ACCD -27.7%, KRUS -15% lower on earnings/guidance; INFN +21.7% jumps as NOK will acquire INFN; PTGX +9.1% to join S&P SmallCap 600
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None.
Companies trading higher in after hours in reaction to news: INFN +21.7% (NOK to acquire INFN), PTGX +9.1% (to join S&P SmallCap 600), ELYM +6.9% (closes its acquisition with Tenet Medicines; announces related $120 mln private placement), FLR +1.2% (awarded contract for Northvolt's lithium-ion battery factory), TNYA +1% (announces research leadership updates), LQDA +1% (stock offering by selling shareholders), DVAX +0.5% (initiates Phase 1/2 study of shingles vaccine program), GD +0.3% (awarded $323 mln U.S. Army contract modification), MRK +0.1% (CDC recommends pneumonia shot for adults 65+)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ACCD -27.7%, KRUS -15%, NKE -10.3%
Companies trading lower in after hours in reaction to news: FL -5.1% (in sympathy with weak Nike earnings), ONON -2.6% (in sympathy with weak Nike earnings), DHX -2.3% (ClearanceJobs named official partner of Dept of Labor's Employment Navigator and Partnership Program), CCCS -2.2% (30 mln share offering), SKX -2% (in sympathy with weak Nike earnings), TMO -2% (to expand facility in Kentucky), DKS -1.8% (in sympathy with weak Nike earnings), UAA -1.3% (in sympathy with weak Nike earnings), GXO -1.2% (signs deal with Agility Robotics), DECK -1.1% (in sympathy with weak Nike earnings), MMS -0.4% (awarded $87 mln task order by IRS), COIN -0.1% (COIN partners with Stripe to expand global adoption of crypto)