After Hours Summary: PACS +16%, QUBT +15%, HLIT +14.6% higher on earnings; MVST -39.2%, PSIX -36.7%, GTM -27.5% under pressure after earnings; ALHC +5.2% higher on news it will join S&P SmallCap 600
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PACS +16%, QUBT +15%, HLIT +14.6%, SIBN +12%, GPRO +11.4%, HLIO +9.7%, DSP +8.8%, SGHC +8.5%, NOVT +5.7%, ESOA +5.2%, PLUG +4.8%, AMTM +4.4%, HALO +3%, NVRI +2.4%, ACHR +1.2%, EIKN +1% (also provides clinical updates), STE +0.5% (also authorizes new share repurchase program), ACM +0.1%
Companies trading higher in after hours in reaction to news: MGNX +25.4% (to sell GMP manufacturing operations to Bora Pharmaceuticals), ALHC +5.2% (to join S&P SmallCap 600), PSN +3.2% (CEO insider purchase), GPK +2.1% (discloses insider purchase), SSTK +1.3% (partners with Sonilo), BMO +1.1% (sale of transportation and vendor finance businesses), AMAT +0.6% (select universities to join EPIC Center), FLY +0.5% (awarded AFRL contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MVST -39.2%, PSIX -36.7%, GTM -27.5% (also approves restructuring program), WBTN -12.1%, HIMS -11.3%, ASTS -11.3% (also provides business update), BKKT -10.3%, CLSK -10.1%, METC -7.1%, LENZ -6.4%, CDRE -5.1%, MARA -4.3%, PLBY -3.5%, RGTI -0.8%, OVV -0.8%, LIF -0.4%, SPG -0.1%
Companies trading lower in after hours in reaction to news: GTLB -8.6% (reduction in workforce; also reaffirms guidance), NP -5.4% (stock offering by selling stockholders), NVTS -4.7% (files for $250 mln mixed shelf offering), MAC -3% (stock offering), BZH -2.3% (rejects proposal from Dream Finders Homes (DFH) SHC -1.4% (stock offering by selling stockholders), FRMI -0.7% (cancellation of special meeting of shareholders former CEO attempted), UMH -0.4% (files mixed securities shelf offering), JEF -0.3% (files mixed securities shelf offering), UNH -0.2% (new transparent pharmacy care model at Optum Rx), SOUN -0.2% (files mixed securities shelf offering)