After Hours Summary: PAY and MDB -6% following earnings/guidance, WDC +3.3% on settlement news/guidance updateAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings: STRM +10.4%
Companies trading higher in after hours in reaction to news: WDC +3.3% (Western Digital and Toshiba reach global settlement and agree to extend JV terms for flash memory collaboration; WDC provides updated guidance), AGIO +3% (modestly rebounding), EIX +1% (Edison pops higher on reports that Skriball fire caused by illegal camp fire), MS +0.6% and STT +0.3% (indicated higher after being upgraded to Outperform at Keefe Bruyette after the close), JUNO +0.5% (presented updated data from the TRANSCEND study of JCAR017 (liso-cel) in patients with relapsed or refractory aggressive B-cell non-Hodgkin lymphoma at ASH Meeting), BOLD +0.5% (assumed with Overweight and $36 tgt at Piper Jaffray)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CIVI -7.1% (light volume), PAY -6.3%, (also authorizes new $100 mln repurchase program), MDB -6%, ARWR -2.8%
Companies trading lower in after hours in reaction to news: HMNY -16.7% (commences offering of its common stock and warrants), NAT -15.5% (announces public offering of $100 million of its common shares), RIOT -13.1% (pulling back in after hours), PTI -6.8% (commences 7 mln common stock offering), FATE -4.8% (announces proposed public offering of common stock), NTLA -3% (indicated lower on NVS block trade pricing), BRS -2.8% (intends to offer $125 million aggregate principal amount of convertible senior notes due 2023), SHLD -1.3% (light volum; announces incremental liquidity actions to enhance financial flexibility - extends $400 million 2018 term loan facility to 2019; continues to explore alternatives with respect to our debt maturities), NBLX -1.2% (Noble Midstream Partners and Greenfield Midstream enter into a definitive agreement to acquire Saddle Butte Rockies Midstream for $625 mln; commences an underwritten public offering of approx. 3.2 mln common units)
