After Hours Summary: SRNE falls -9.7% as co terminates its CFO; AXDX +10.2% as it receives FDA EUA for COVID-19 testing systemAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KE +2.5%, SUPN +0.8%
Companies trading higher in after hours in reaction to news: ONE +13.1% (extends momentum from +29% move during Tuesday's regular session), AXDX +10.2% (receives FDA EUA for COVID-19 antibody testing system), GS +0.6% (announces settlement with the Govt of Malaysia and 1Malaysia), TXN +0.2% (names new COO), T +0.2% (announces additional early repayment of debt), MYL +0.2% (FDA approves Mylan's generic version of BIIB's Tecfidera), PSN +0.2% (completes steps to begin treatment of radioactive waste at Dept of Energy facility), QGEN +0.1% (expands coronavirus NGS and software to accelerate research for COVID-19), ENIC +0.1% (S&P 'BBB+' ratings affirmed; outlook stable)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ATGE -9.7%, JKHY -9.2%, A -2.6%, CREE -0.8%, LZB -0.1% (also reinstates dividend)
Companies trading lower in after hours in reaction to news: SRNE -9.7% (terminates CFO immediately), SABR -8.9% (stock offering), PLYM -6.9% (to offer 5.75 mln shares), ALBO -3.2% (clinical trial results did not achieve proof-of-concept for other key NASH measures), ETSY -0.7% (announces $650 mln convertible notes offering; also says it will re-initiate stock repurchases in Q4), FISV -0.3% (prices 5 mln share offering at $100/sh), GFL -0.2% (responds to negative report from Spruce Point), IRTC -0.2% (stock offering), UAL -0.2% (will increase service to China from two to four weekly flights), EAT -0.1% (S&P 'B+' rating affirmed on improved liquidity; outlook negative on COVID-19 challenges)