After Hours Summary: ORCL -3.7%, FDX -2.4% following earnings/guidance, NXEO +15% / UNVR +1.6% on M&A newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: AVP +20.7% (Avon Products has attracted M&A interest from Natura Cosmeticos, according to WSJ), NXEO +14.9% and UNVR +1.6% (Univar to acquire Nexeo in cash and stock transaction valued at approx $2.0 bln or $11.65 per share), UNP +3.4% (to launch Unified Plan 2020 Oct 1 -- will be rolled out in phases across the entire Union Pacific rail network), IMGN +3.3% and CLVS +0.6% (initiated with Buy at Guggenheim), WMT +0.2% (initiated with Outperform at BMO Capital Markets)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ORCL -3.7%, FDX -2.4%
Companies trading lower in after hours in reaction to news: PSDO -6.8% (announces underwritten secondary offering of 3.0 mln shares of common stock by selling shareholders), EROS -4.8% (files for 3,111,088 A ordinary share offering by selling shareholders), ARGX -3% (launches $300 mln proposed public offering in the United States), SONO -1.3% (lower on reports that Amazon plans to release at least eight new devices powered by Alexa), CFFN -1.1% (files for approx 2.96 mln share common stock shelf offering by selling securityholders)