After Hours Summary: SI -37.1% on news it will liquidate Silvergate Bank; MDB -9.9% falls on earnings; ASAN +28.4% higher on earnings; MGNX +10.7% on news it will sell its royalty interest on TZIELDAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ASAN +28.4%, SOVO +5.2%, HDSN +4.9%, NDLS +1.7%, KRO +0.2%
Companies trading higher in after hours in reaction to news: MGNX +10.7% (to sell its royalty interest on TZIELD to DRI Healthcare Trust for up to $200 mln), UBER +2.1% (considering spinning off its Freight Logistics arm, according to Bloomberg), AXP +1.7% (increases dividend; also approves share repurchase program for up to 120 mln shares), AAPL +0.1% (reshuffling its intl ops to place greater emphasis on India, according to Bloomberg), TGI +0.1% (announces agreement for logistics support in Asia)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MDB -9.9%, SMRT -0.2%, EOLS -0.1% (also files for $250 mln mixed securities shelf offering), ONL -0.1%, NAPA -0.1%
Companies trading lower in after hours in reaction to news: SI -37.1% (to wind down operations and voluntarily liquidate Silvergate Bank), SIVB -14.5% (announces proposed offering of $1.25 bln of common stock and $500 mln of depositary shares; also in sympathy with SI news), STGW -9% (16 mln share offering launched by selling shareholders), CWAN -5.3% (files for offering by selling shareholders; also announces that it may offer and sell shares of its common stock), SBNY -3.7% (in sympathy with SI news), TNL -2.2% (increases dividend), COIN -1.7% (in sympathy with SI news), PTON -1.7% (US import ban over its streaming technology, according to Reuters), SONX -1% (files for $100 mln mixed securities shelf offering), SPOT -0.8% (launches Spotify for Podcasters), OGS -0.7% (stock offering), LLY -0.5% (provides update on A4 Study of Solanezumab), SLGN -0.1% (names new CFO), GPRK -0.1% (increases dividend)