After Hours Summary: Ruby Tuesday (RT) +20% on strategic alternatives exploration, Valeant (VRX) -10% as Ackman closes out positionAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RT +20.1% (Additionally says will explore strategic alternatives), REN +3%, SCYX +2.3%, GRBK +1.2%, TRHC +0.9%.
Companies trading higher in after hours in reaction to news: DRWI +43.5% (Signs new Master Sales and Services Agreement with Ingram Micro Australia), TDW +27.4% (Receives additional limited waiver extensions from its lenders and noteholders), SBOT +17% (Enters into a technology transfer and purchase agreement with Matrivax Inc related to Stellar's proprietary Clostridium difficile technology), RTTR +4.7% (Discloses holding a a Type C informational meeting with the FDA), COKE +3.5% (To join the S&P SmallCap 600), GEO +1% (To join the S&P MidCap 400).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PPHM -12.8%, TLYS -12.8%, APRI -11.7%, RYI -8.4%, PETX -6.5%, AMPH -5.2%, BLCM -3.5%, GBT -3.2%, COUP -1%.
Companies trading lower in after hours in reaction to news: ANTH -28.7% (To offer and sell shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering), ADPT -17.2% (Amends credit agreement, hires chief restructuring officer and financial advisor to advise the Board and management as they explore various strategic alternatives), CBIO -12.6% (Files for $12 mln offering of Class A Units consisting of common stock and warrants and Class B Units consisting of shares of Series A Preferred Stock and warrants), AUPH -10.9% (Commences common stock offering), VRX -10% (Ackman's Pershing Square sells its stake), LNTH -10% (To sell 3 mln shares of its common stock to be offered by certain of its existing stockholders), KNDI -4.6% (Determines that some previously issued financial statements should no longer be relied upon), CORT -3.5% (Files for $200 mln mixed securities shelf offering, as well as 349k share offering by selling stockholders), DOC -3.2% (Commences offering of 15 mln common shares of beneficial interest), ON -1.7% (To offer $500 mln convertible senior notes due 2023 in a private offering.