After Hours Summary: NKE -9.4% lower on earnings; FDX +2.1% higher on earnings; LNKB +6.5% higher on merger with BHRB; WSJ reports that OpenAI financing round may push valuation toward $830 bln
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVO +5.1% (also Founder & CEO Steve Barnard to become Exec Chairman; COO to become new CEO), NNE +2.5%, FDX +2.1%
Companies trading higher in after hours in reaction to news: WYFI +13.6% (announces 40 MW colocation agreement), LNKB +6.5% (BHRB and LNKB to merge), TAC +2% (Sheerness Unit 1 will be temporarily mothballed), WULF +1.4% (financing for previously disclosed 168 MW computing joint venture), IVR +1.1% (increases dividend; also plans to switch to monthly dividends in Jan), HTFL +0.8% (announces publication of 2 new scientific statements), CRWV +0.8% (joins DoE's Genesis Mission to advance US research and innovation), BBAI +0.5% (strategic partnership with C Speed), FRST +0.4% (approves stock repurchase program for up to 750,000 shares), ETHZ +0.3% (stock offering by selling shareholders), DGNX +0.2% (to acquire The Remedy Project)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NKE -9.4%, SCHL -1.3% (also authorizes new $150 mln share repurchase program), BB -0.2%
Companies trading lower in after hours in reaction to news: CGTX -1.3% (files for $300 mln mixed shelf offering; also enters sales agreement up to $75 mln of stock), FTI -0.3% (awarded a substantial contract by Eni S.p.A), META -0.3% (developing a new image and video-focused AI model, according to WSJ), LINE -0.1% (files mixed securities shelf offering)