After Hours Summary: NKE +3.8%, MCZ +1.1%, MU -11.9%, SNX -8.9% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: NKE +3.8%, MCZ +1.1%
Companies trading higher in after hours in reaction to news: ABIO +10.3% (RA Capital Management disclosed 9.0% passive stake in 13G filing; Venrock Healthcare Capital Partners disclosed a 17.1% passive stake), VISI +6.6% (announced that Ron Kochman has resigned, effective immediately, as President and CEO; Board appoints Michael Dean, Volt's current Chairman, as Interim President and CEO), VNCE +3.7% (announced Mark Brody has been appointed interim CFO, replaces Lisa Klinger who resigns effective immediately), DHR +2.8% (announced amendment and extension by one day of split-off exchange offer in connection with NetScout transaction), VRTX +2.7% (higher following positive mention on CNBC's Fast Money ahead of co's July 5 PDUFA date for Orkambi for the treatment of cystic fibrosis), ZTS +2.2% (continued strength on reports that co is being pursued by Valeant Pharmaceuticals (VRX)), AEHR +2.0% (announced $1.7 mln follow-on order for ABTS burn-in and test systems from leading IC manufacturer), SKY +1.9% (Board named Richard W. Florea as new President and CEO), SWHC +1.7% (Board authorizes $50 mln stock repurchase plan), FOLD +1.4% (announced Galafold Marketing Authorization Application validated by European Medicines Agency)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: MU -11.9%, SNX -8.9%
Companies trading lower in after hours in reaction to news: FREE -18.8% (announced 1 for 50 reverse stock split), SSH -15.5% (disclosed separation of Kimberly A. Oleson, Senior Vice President of Clinical Affairs from the company), AMDA -10.2% (disclosed a written notice from MG Partners II claiming that an event of default has occurred with respect to certain Securities Purchase Agreement between the co and Magna), RGSE -8.3% (announced public offering of $5 mln of units consisting of Class A common stock and Series F common stock warrants), IPI -3.4% (disclosed the appointment of Brian D. Frantz as Senior Vice President and Chief Accounting Officer effective as of June 23, 2015)