After Hours Summary: RETA +166.5% after FDA approves Skyclarys; SRPT +17.2%, BGS +15.2%, PAYO +11.6%, GDRX +9.1%, DUOL +8.2%, BLNK +4.8%, HPQ +2.8% higher on earnings; NVAX -25.5%, RIVN -8.4%, PUBM -7.9% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SRPT +17.2%, BGS +15.2%, SDGR +12.6%, PAYO +11.6% (also names new CEO), GDRX +9.1%, FLYW +8.3%, DUOL +8.2%, SHLS +8%, FATE +5.7%, BLNK +4.8%, AXON +3.7%, FSLR +3.6%, NKTR +3.6%, MDXG +3.5%, NTRA +2.9%, HPQ +2.8%, PETQ +1.7%, URBN +1.7%, ATEC +1.5%, VRSK +1.3%, RKT +1.1%, EDR +0.9%, GO +0.9%, ALLO +0.6%, MEG +0.5%, LXFR +0.3%, MRTX +0.3%
Companies trading higher in after hours in reaction to news: RETA +166.5% (FDA approves Skyclarys for Friedreich's Ataxia), ARAV +8.4% (FDA grants Orphan Drug Designation to batiraxcept), ARCB +4% (announces sale of FleetNet America and increases share repurchase program), FSFG +2.5% (increases dividend), CYH +2.2% (sells some facilities), PFE +0.5% (FDA advisory committee votes to support the effectiveness of RSV vaccine candidate for adults 60+), MGNI +0.4% (names new CTO), GS +0.2% (considering sale of GreenSky among other strategic alternatives, according to Bloomberg), EVRI +0.1% (to consolidate and streamline production facilities)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NVAX -25.5% (also issues going concern statement; also files mixed securities shelf offering), MQ -17.6%, FIGS -13.1%, COMP -12.5%, CUTR -11.3%, RIVN -8.4%, PUBM -7.9%, CLNE -7.5%, AMC -7.3%, VZIO -5.5%, FLGT -4.9%, AMBA -3.9%, MNST -3.5% (also announces 2-for-1 stock split), A -3.3%, CARG -3.2%, NVTA -2.1% (also signs exchange and financing agreements with Deerfield Mgmt), ROST -2%, FRG -1.7%, SPCE -1.3%, MDRX -1.3% (trims guidance after internal control failures related to revenue recognition), KIND -1%, CPNG -0.8%, JXN -0.7% (also increases dividend), AGO -0.7%, RVNC -0.6%, DDD -0.4%, HCAT -0.4%, RYAN -0.3%, TALO -0.2%
Companies trading lower in after hours in reaction to news: BRSP -14.2% (selling stockholder commences stock offering), TSVT -7.3% ($100 mln stock offering), QUOT -2.6% (names new COO), NVDA -1.3% (files for $10 bln mixed securities shelf offering), AWK -1.1% (9.5 mln share offering), RKLB -0.9% (secures multi-launch deal for four Electron missions for Capella Space), WEST -0.9% (acquires Bixby Roasting Co), RMAX -0.9% (files for $350 mln mixed securities shelf offering), CYTK -0.8% (FDA issues CRL for NDA for omecamtiv mecarbil; not sufficiently persuasive), ALT -0.7% (files mixed securities shelf offering), RCUS -0.7% (files mixed securities shelf offering), BA -0.3% (awarded a not-to-exceed $1.2 bln U.S. Air Force contract)