After Hours Summary: PRGS +6.6%, FC -0.3%, FDO -0.2% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: PRGS +6.6%
Companies trading higher in after hours in reaction to news: XOOM +21.3% (to be acquired by Paypal (PYPL) for $25/share, or ~$890 mln), HNSN +12.8% (received FDA 510(k) clearance for its Magellan 10Fr Robotic Catheter for use in the peripheral vasculature), GRBK +7.5% (Form 4 filings indicate Third Point, Greenlight Capital, and company directors bought shares in 17 mln share offering of common stock at $10 per share announced on June 22), MBI +6.5% (strength on further reports regarding Puerto Rico successfully paying $1.9 bln in debt obligations today, OFG also higher by 3.7%), PKY +5.4% (Bloomberg reporting that co is considering strategic options including a potential sale), BDSI +4.7% (Point72 Asset Management discloses 5.5% passive stake in 13G filing), GTLS +2.8% (to replace IGTE in the S&P SmallCap 600), QUNR +1.5% (confirmed final judgment in dispute with eLong (LONG)), NSM +1.1% (Point72 Asset Management disclosed 5.2% passive stake in 13G filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: FC -0.3%, FDO -0.2%
Companies trading lower in after hours in reaction to news: WPCS -31.8% (announced completion of a series of transactions resulting in the elimination of all of its $1,703,000 principal amount of Unsecured Promissory Notes; holders of ~$1.3 mln of notes converted them into 8,435 shares of a new series of preferred stock), ANR -4.6% (co's subsidiary Pennsylvania Services Corporation acquired an additional 50% interest in Pennsylvania Land Resources Holding Company for $126 mln), BTU -1.1% (appointed Amy Schwetz to Executive Vice President and Chief Financial Officer; replaces Michael Crews, who has announced plans to step down to take the top financial position at a major industrial firm), EPRS -1.1% (filed for $125 mln mixed securities shelf offering)