After Hours Summary: PLAY +12.5%, WDC +6% following earnings/guidance, WDC SSD also higher... SIGM -13%, AVAV -11% following earnings/guidance, several names lower following offering newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PLAY +12.5%, WDC +5.9% (raises Q2 outlook and renews patent cross-license agreement with Samsung)
Companies trading higher in after hours in reaction to news: VKTX +11.6% (confirms the FDA has granted orphan drug designation to VK0214 for the treatment of X-linked adrenoleukodystrophy), ANTH +10.9% (reports Blisibimod BRIGHT-SC IgA Nephropathy continues to demonstrate 'positive' trends in the week 48 analysis; promotes J. Craig Thompson to CEO replacing Paul Truex who has been appointed to new role as Exec Chairman), STX +2.2% (WDC sympathy), ENPH +5.1% (continued strength)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SIGM -13%, AVAV -11%, SEAC -5.4% (ticking lower)
Companies trading lower in after hours in reaction to news: OHAI -12.9% (thinly traded; provides update on two of is legacy portfolio companies that will likely have a negative impact on the fair value of those investments), LADR -10.3% (commences 10 mln common stock offering by certain affiliates of Alberta Investment, GI Partners, Northgate Capital and TowerBrook), PES -7.5% (announces public offering of 9 million shares), ESV -6.4% (commences private placement of $650 mln of exchangeable senior notes due 2024 and announces private offers to exchange outstanding senior notes), BBG -3.9% (commences 11.5 mln common stock offering), BLUE -1.9% (commenced an underwritten public offering of $200 million of its common stock; discloses in Form 424B5 that Celgene indicated an interest in purchasing ~$50 mln in shares of common stock), NDRM -1.3% (launches a follow-on offering of ordinary shares)