After Hours Summary: ON +1% backs out of deal to acquire ALGM -12.6%; NFLX +1.7% sets bullish goals in WSJ report; APLD -11.7%, FBK -4.9% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CSWC +0.7%
Companies trading higher in after hours in reaction to news: RKLB +5.8% (to provide hypersonic test launch capability with its HASTE launch vehicle), STRL +5% (to join S&P SmallCap 600), ASAN +2.8% (CEO bought 75493 shares), NFLX +1.7% (aims to double revs by 2030 and achieve a $1 trillion market cap, according to WSJ), ON +1% (ON withdraws proposal to acquire ALGM), REXR +0.6% (Chairman to retire), FNKO +0.5% (announces first licensed store in Southeast Asia)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: APLD -11.7%, FBK -4.9%, KMTS -3.5%, PNFP -2.4%
Companies trading lower in after hours in reaction to news: ALGM -12.6% (ON withdraws proposal to acquire ALGM), MRX -3.7% (announces launch of 8.5 mln share offering by selling shareholders), BMY -0.9% (provides update on Phase 3 ODYSSEY-HCM trial; did not meet its dual primary endpoints), LOW -0.4% (to acquire Artisan Design for $1.325 bln from Sterling Group), NNI -0.2% (acquires Next Gen Web Solutions), CAAP -0.2% (reports March traffic), AMAT -0.2% (acquires 9% stake in BE Semiconductor)