After Hours Summary: ORCL -3.8% down on earnings but GRPN +4.2% is an earnings mover; travel stocks are weak after hours, especially cruise linesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GRPN +4.2%
Companies trading higher in after hours in reaction to news: FLGT +11.8% (receives EUA from FDA to provide at-home testing services for SARS-CoV-2), AMRN +5.2% (announces settlement with Apotex), CHGG +2.4% (authorizes repurchase of $500 mln of stock and/or convertible notes), KGC +1.4% (files for $1 bln mixed securities shelf offering), ARI +1.3% (lowers dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: GAN -5.8%, ORCL -3.8%, HRB -0.1%
Companies trading lower in after hours in reaction to news: NCLH -11.6% (extends suspension of certain voyages through Sep 30), CCL -7.6% (down in sympathy with NCLH), CUK -7.0% (down in sympathy with NCLH), RCL -7.0% (down in sympathy with NCLH), PRVB -6.3% (commences public offering of 5.5 mln shares), DKNG -6.3% (files for 14 mln share offering plus 19 mln share offering by selling shareholders), LUV -2% (announces plans to keep middle seats open through at least Sep 30), IR -1.8% (offering of 12.1 mln shares by selling stockholder), NSTG -1.2% (announces new products to be used for COVID-19 research)
Travel Stocks are Lower:
- Airlines / Boeing down on LUV's plan to keep middle seats open through at least Sep 30, see 17:38 comment: SAVE -4.6%, UAL -3.5%, DAL -3.2%, ALK -3.2%, AAL -3.1%, BA -2.5%, LUV -2.3%, JBLU -2.2%
- Cruise lines lower on NCLH announcing it will extend suspensions of certain voyages through Sep 30, see 16:36 comment: NCLH -11.6%, CCL -7.6%, RCL -7.0%, CUK -7.0%