After Hours Summary: NKE +8% following earnings and boosting Athletic retailers, WMAR +30% on acquisition news... AOBC -9% following earnings/guidanceAfter Hours Gainers:
Trading higher in after hours in reaction to earnings/guidance: NKE +7.7% (also confirms new pilot program with Amazon)
Companies trading higher in after hours in reaction to news: WMAR +30.1% (West Marine to be acquired by Monomoy Capital Partners for $12.97 per share (halted)), SKLN +22.9% (provides update in letter to shareholders; actively engaged in the process of assembling distribution network), HAIN +6.6% (Engaged Capital discloses 9.9% active stake), DERM +4.4% (initiated with Outperform at Evercore)
Athletic related retailers are running higher with Nike (NKE) earnings strength: FL +1.1%, UAA +0.7%, FINL +0.6%, LULU +0.3%After Hours Losers:
Trading lower in after hours in reaction to earnings/guidance: AOBC -8.7%
Companies trading lower in after hours in reaction to news: CIDM -27.9%, (to sell 20 mln shares to Bison Capital for $30 mln; also reported earnings), CARA -27.1% (announces top-line results from a Phase 2b trial of an oral tablet formulation of CR845 in patients with osteoarthritis of the knee or hip; Statistically significant 39 percent reduction in mean joint pain score in hip patients at eight weeks with 5.0 mg dose), MBRX -21.2% (following conference call after the close on recent discovery for pancreatic cancer and business update), ALKS -2.8% (announces preliminary topline results from ENLIGHTEN-1, an investigational, novel, once-daily, oral atypical antipsychotic drug candidate for the treatment of schizophrenia), PCRX -1.3% (determined to discontinue all future production of DepoCyt)