After Hours Summary: RHT -12% following earnings/guidance and weighing on tech names, a few financials are trading lower following DFAST resultsAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: TNDM +15.1% (announces FDA approval of t:slim X2 Insulin Pump with Basal-IQ technology), SENS +2.4% (FDA has approved its PMA application to market its Eversense Continuous Glucose Monitoring System to people with diabetes in the United States), AVRO +1.6% (after the IPO closed more than 60% higher on its first day of trade), BMY +0.7% (FDA accepts application for Opdivo plus low-dose Yervoy for treatment of first-line non-small cell lung cancer in patients with tumor mutational burden =10 mut/Mb), BB +0.4% (ahead of earnings)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RHT -12%, SGH -3.5%
Companies trading lower in after hours in reaction to news: XERS -1.9% (IPO modestly pulling back after closing up 35% on the first day of trade), CDTX -1% (files for 12,499,997 share common stock offering by selling shareholders), NRZ -0.9% (commences secondary offering of 3,694,228 shares of common stock by holders pursuant to an exercise of options by FIG and/or its affiliates/employees)
Red Hat (RHT) billings/guidance related weakness weighing on select tech/software providers: NOW -2.9%, SPLK -1.9%, MSFT -1%, CRM -1%, WDAY -0.6%
A few financial names are indicated lower after the Fed released Dodd-Frank Act Stress Test (DFAST) results: MS -0.9%, JPM -0.5%, GS -0.5%, BAC -0.3%, C -0.3%