After Hours Summary: ORCL +1.5% trades higher on earnings; PTON -2.4% as co-founders John Foley and Hisao Kushi step down; CPRX +9.4% as it will join S&P SmallCap 600After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PL +9.9%, ORCL +1.5% (also announces that MySQL HeatWave is now available on AWS)
Companies trading higher in after hours in reaction to news: CPRX +9.4% (to join S&P SmallCap 600), RCEL +4.8% (trial results for RECELL System), MDXG +3.5% (receives reimbursement approval from Japanese Ministry of Health for EPIFIX), LNG +2.8% (provides long-term plan targets; increases FY22 guidance; increases share repurchase authorization by $4 bln), APP +2.2% (APP confirms it does not intend to submit another proposal to combine with U and has withdrawn its initial proposal), BEN +1.1% (reports August AUM), HOOD +0.7% (reports August operating data), IAC +0.7% (reports August performance metrics), ZYME +0.6% (reports preliminary Phase 1 results for Zanidatamab Zovodotin), AB +0.6% (reports August AUM), RKLB +0.5% (preparing to launch its 30th Electron rocket and 150th satellite to space), TWTR +0.3% (shareholders poised to approve Elon Musk's $44 bln takeover deal, according to WSJ)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RENT -24.9% (also announces restructuring plan; includes 24% workforce reduction), BRZE -5%
Companies trading lower in after hours in reaction to news: CRDF -13.4% (announces plans for trial in mCRC in ongoing Phase 1b/2 trial), FWRG -7.7% (files for 4.5 mln share offering by selling shareholders), RVNC -7.2% ($150 mln stock offering), CEQP -3.9% (AM to acquire Marcellus Shale assets from CEQP for $205 mln), SRPT -2.6% ($1 bln convertible notes offering), PTON -2.4% (co-founders John Foley and Hisao Kushi step down; names new chairperson), DRVN -1.9% (stock offering by selling shareholders), U -1.7% (APP confirms it does not intend to submit another proposal to combine with U and has withdrawn its initial proposal), VCTR -1.3% (reports August AUM), SMR -0.9% (signs task order with KGHM to initiate deployment of first small modular reactor in Poland), AM -0.6% (AM to acquire Marcellus Shale assets from CEQP for $205 mln), VMW -0.6% (settles with SEC regarding previously disclosed investigation), GM -0.2% (Cruise unit will offer driverless rides this year, according to Reuters), IVZ -0.1% (reports August AUM)