After Hours Summary: Relatively hushed after-hours session; POWW +11.8%, LEN +2.2% both up on earnings; TRUE +9.7% higher on restructuring; Crypto-related names edging lower in sympathy with tumbling Bitcoin priceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: POWW +11.8%, LEN +2.2%
Companies trading higher in after hours in reaction to news: TRUE +9.7% (reduces workforce and appoitns new CEO), WRB +4.3% (increases dividend), VTNR +4% (receives EPA approval), ENS +1.9% (MoU with Verkor SAS), PINC +1.3% (to divest GPO operations), HST +0.8% (increases dividend), PHG +0.7% (will repurchase EUR 132 mln of shares), CIM +0.3% (decreases dividend), JKS +0.1% (launches next-gen storage battery in Europe)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: GAMB -10.6% (stock offering), EDIT -5.4% ($125 mln stock offering), BITO -3% (moving in sympathy with Bitcoin), MARA -2.9% (moving in sympathy with Bitcoin), VLRS -2.5% (investment agreement to accelerate sustainable aviation fuel), MSTR -2.4% (moving in sympathy with Bitcoin), RIOT -1.7% (moving in sympathy with Bitcoin), COIN -1.7% (moving in sympathy with Bitcoin), ALGT -0.9% (reports May 2023 traffic), IRT -0.9% (files mixed shelf), RTX -0.2% (Safran nearing $1.8 bln deal to acquire RTX unit, according to Reuters