After Hours Summary: SANM -8% following earnings; CR +2% and GGG +2% higher on earnings; health insurance stocks under pressure
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CR +2% (also names new CEO; also increases dividend), GGG +2%, NWBI +1.3%, WRB +1.1%
Companies trading higher in after hours in reaction to news: LUNR +2.8% (NASA selects Intuitive Machines to support tracking for Artemis II), DKL +1.6% (increases dividend), GABC +1.5% (increases dividend), ACHR +1% (filed a motion to dismiss the complaint filed by Joby Aero (JOBY)) AUTL +0.7% (subsidiary entered into a master service agreement with AGC Biologics for the manufacture and supply of lentiviral vector), AVA +0.6% (selects projects for new energy and capacity resources), POET +0.6% (CF and POET launch low-carbon fertilizer pilot), HESM +0.3% (increases distribution), PB +0.3% (authorizes new stock repurchase program of up to 5%, or approximately 4.87 million shares), CF +0.3% (CF and POET launch low-carbon fertilizer pilot), ARQQ +0.1% (entered an ATM offering agreement; may offer up to $125 mln ordinary shares), PDD +0.1% (Texas Gov. Greg Abbott has banned state employees from using products from Alibaba and Temu, according to Reuters), NFLX +0.1% (Senate antitrust chair raises concerns over Netflix--Warner Bros. (WBD) deal, WSJ reports)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AGYS -12.8%, SANM -8%, BRO -5.8%, NUE -3.3%, ARE -0.9%
Companies trading lower in after hours in reaction to news: HUM -12.9% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal CVS -9.4% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal PUMP -8.7% (stock offering; also guidance), UNH -8.7% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal ODV -5.5% (announces $125 mln bought deal public offering of common shares), MOH -3.8% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal EFC -1.9% (stock offering), ITRG -0.9% (Q4 gold production from Florida Canyon Mine), EGO -0.6% (exploration results of multiple new high-grade zones in Canada and Greece and increases 2026 exploration investment), BABA -0.1% (Texas Gov. Greg Abbott has banned state employees from using products from Alibaba and Temu, according to Reuters)