After Hours Summary: SLP +8.5%, VOXX -23%, CUDA -5% following earnings/guidance, RCII +17% on potential Vintage Capital bidAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SLP +8.5%
Companies trading higher in after hours in reaction to news: ARNA +39.7% (announces 'positive' Phase 2 results for ralinepag for the treatment of pulmonary arterial hypertension), WMLP +17.2% (after spiking ~1 point/50% higher in late trade), RCII +17.1% (on reports that Vintage Capital sent letter with buyout proposal), NEOT +13.2% (to initiate process to explore and review strategic alternatives focusing on seeking an acquisition, business combination or partnership), OCUL +11.2% (Ocular Therapeutix submits details of a manufacturing equipment change as an amendment to the NDA resubmission for DEXTENZA 0.4 mg, for intracanalicular use, for the treatment of ocular pain following ophthalmic surgery currently under review by FDA), DRYS +8.2% (announces motion for temporary restraining order to suspend further issuances of common shares below a certain price was denied), PRTA +3% (initiated with Buy rating at Jefferies), KEY +0.8% (upgraded to Outperform from Market Perform at Keefe Bruyette after the close), KTWO +0.6% (signs new, long-term, exclusive agreement with Mitsubishi)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VOXX -23.2%, CUDA -5.3%, CTXS -3.7% (announces leadership transition to accelerate cloud transformation, enhance profitability and return capital to shareholders; reaffirms Q2 guidance)
Companies trading lower in after hours in reaction to news: YUMA -8.1% (after closing near highs up 190% on the day), GTY -7.7% (launches underwritten registered public offering of 4.1 mln shares of its common stock), ZN -3.2% (continued weakness), SHLO -3% (commences 5 mln common stock offering), OMED -2.2% (OncoMed Pharma received a letter indicating that GSK was terminating Research and Development Collaboration), KN -2.1% (indicated lower on block trade pricing), JCP -1.3% (CFO Edward Record to step down effective July 11 to pursue other interests; company reaffirms expectation to report significantly improved top-line results this quarter versus the first quarter)