After Hours Summary: PETQ +15%, CDLX / SORL +9%, PRSP +4%, CASA -25%, A / CREE / VIAV -2% following earnings/guidance, EGN +9.3% and FANG -5% on M&A dealAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PETQ +14.9%, CDLX +9.1%, SORL +8.7%, PRSP +3.9%
Companies trading higher in after hours in reaction to news: EGN +9.3% (Energen to be acquired by Diamondback Energy [FANG] in all-stock transaction valued at ~$9.2 bln; representing an implied value to each Energen shareholder of $84.95/share), MRT +7.5% (Bloomberg reporting the company is evaluating options including sale), ADNT +4.5% (will replace DCT Industrial Trust in the S&P MidCap 400), ERI +4.2% (to replace VeriFone S&P MidCap 400), TELL +3.4% (initiated with Outperform at Robert W Baird), DAL +1.3% / GS +1% / LUV +1% (Berkshire Hathaway increased holdings), GNW +1.1% (ticking higher - Genworth Financial and China Oceanwide extend merger agreement), NVDA +0.9% (upgraded to Outperform from Underperform at Wells Fargo), SYMC +0.5% (David Tepper's Appaloosa discloses new holding)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CASA -25.1%, A -2.3%, CREE -2.3%, VIAV -2.1%
Companies trading lower in after hours in reaction to news: SBBP -7.3% (proposed public offering of 9.0 mln ordinary shares), ENPH -6.1% (offering $60 mln of convertible senior notes due 2023 in a private placement), VRAY -5.9% (proposed public offering of $125.0 mln of shares of common stock), FANG -5% (to acquire Energen in all-stock transaction valued at ~$9.2 bln), CRZO -4.6% (commences public offering of 9.5 mln shares of common stock; agreed to acquire Delaware Basin properties from Devon Energy [DVN] for $215 million in cash), IIN -4.2% (proposed offering of 1.5 mln shares of common stock), KANG -1.6% (issues update on 'going private' transaction), MTDR -0.6% (ticking lower -- downgraded to Accumulate from Buy at Johnson Rice), WTW -0.6% (attributed to block trade pricing), GDDY -0.5% (light volume -- announces proposed sale of 10,390,942 shares of Class A common stock by selling stockholders)