After Hours Summary: PFE and BNTX announce new vaccine supply agreement with US govt; RH -5% falls on weak guidance; SGH -12.8% and DCT -12.3% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: POWW +10.6%, CDMO +5.5%, MLKN +5%
Companies trading higher in after hours in reaction to news: AVDL +8.5% (provides corporate update), LXRX +8% (announces positive top-line results from phase 2 study of LX9211), SYM +4.2% (stock offering), NXST +2.5% (NXST nearing a deal to acquire majority control of the CW Network from WBD and PARA, according to WSJ), BNTX +1.4% (PFE and BNTX announce new vaccine supply agreement with US govt), STNG +1.3% (president purchases 50,000 shares), PFE +0.5% (PFE and BNTX announce new vaccine supply agreement with US govt), PARA +0.5% (NXST nearing a deal to acquire majority control of the CW Network from WBD and PARA, according to WSJ), LRN +0.2% (names new CFO), XRX +0.2% (CEO and Vice Chairman John Visentin unexpectedly passes away), OSCR +0.1% (launches its Next Best Actions engine), UBS +0.1% (ordered to pay $25 mln to settle SEC fraud charges, according to Reuters), WBD +0.1% (NXST nearing a deal to acquire majority control of the CW Network from WBD and PARA, according to WSJ)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGH -12.8% (also to acquire Stratus Technologies), DCT -12.3%, RH -5% (lowers FY22 revenue and op mgn guidance; maintains Q2 guidance), FIZZ -1%
Companies trading lower in after hours in reaction to news: HYPR -15.6% (CEO will step down for personal reasons), CYTK -13.9% (proposes $450 mln convertible notes offering), WSM -3.9% (in sympathy with weak RH guidance), W -1.4% (in sympathy with weak RH guidance), OIS -0.2% (settles dispute with HCperf Holdings), ETD -0.1% (in sympathy with weak RH guidance)