After Hours Summary: SPCE +14.7%, PRGS +1.5% higher on earnings; PEPG -48% under pressure after Phase 2 study results; PHR -21.3% sharply lower after earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SPCE +14.7%, PRGS +1.5%
Companies trading higher in after hours in reaction to news: MKC +2.3% (Unilever PLC nearing deal to form $60 bln food company with McCormick (MKC), according to WSJ), UL +1.6% (Unilever PLC nearing deal to form $60 bln food company with McCormick (MKC), according to WSJ), ARRY +1.5% (opening of the new headquarters of APA Solar), RKLB +0.5% (receives regulatory approval to acquire Mynaric), SPIR +0.3% (launches ten satellites aboard SpaceX's Transporter-1), AXP +0.2% (named official payments partner of the NFL), STNG +0.1% (to sell two 2015 built scrubber-fitted MR product tankers for $35 mln per vessel), SLF +0.1% (completes remaining equity interest purchases of BGO and Crescent Capital)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PHR -21.3%
Companies trading lower in after hours in reaction to news: PEPG -48% (topline results from lowest dose (5 mg/kg) MAD cohort in the ongoing Phase 2 FREEDOM2 Study), SVC -16.8% (stock offering), PALI -5.6% (topline data from phase 1b clinical study of PALI-2108), VRT -0.5% (to invest $50 mln to expand manufacturing presence in Ohio), FDS -0.3% (strategic partnership with Finster AI to power new AI banking platform), NFLX -0.2% (looking to expand its NFL package to four games, according to WSJ)