After Hours Summary: SRPT -49.7% falls on data for SRP-9001; BA -0.7% ticks lower as DOJ fines BA over $2.5 bln; MRUS +30.6% jumps after it receives FDA Fast Track designation; FFIV +5.5% higher on guidance and deal to acquire VolterraAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WDFC +13.8%, OEC +13.6% (raises Q4 adjusted EBITDA guidance), FFIV +5.5% (also to acquire privately held Volterra; reiterates commitment to return $1 bln to shareholders over next two years), ACCD +2.1%, MU +1%
Companies trading higher in after hours in reaction to news: MRUS +30.6% (receives FDA Fast Track designation for Zenocutuzumab), MICT +16.1% (moves core operations to Hong Kong; announces departure of CFO), DRTT +13.8% (enters into C$35 mln financing of convertible debentures), ACEV +12.3% (to combine with Achronix Semi), CATM +12.1% (receives higher takeover bid at $39/sh), LFAC +2.6% (closes business combination with Landsea Homes), MXL +2.1% (WAV664 Wi-Fi SoC selected for Wi-Fi Alliance Wi-Fi 6E certification test bed), ONCT +1.9% (collaboration with Karolinska Institutet), TSLA +1.8% (extends momentum from Thursday +8% move), SCOR +1.8% (announces strategic investment by Charter, Qurate Retail and Cerberus), NVAX +0.6% (finalizes deal with Australia to deliver 51 mln doses of vaccine), ALEC +0.3% (provides 2021 portfolio update), EPR +0.2% (provides business updates for Q4), SPWR +0.2% (to close manufacturing facility)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VLDR -7.1% (guides Q4 revs below consensus, cites COVID-19 related disruptions), DCT -1.1%, SIRI -0.2% (issues slight upside revenue guidance for FY21)
Companies trading lower in after hours in reaction to news: SRPT -49.7% (reports data for SRP-9001 for the treatment of Duchenne; primary endpoint did not achieve statistical significance), SLDB -24.5% (in sympathy with clinical data release from SRPT), BNGO -11.4% (stock offering), CERC -7.2% (stock offering), UBER -4.2% (union announces effort in Chicago to drive up wages, according to FreightWaves.com), SYRS -2% (stock offering), LYFT -0.8% (union announces effort in Chicago to drive up wages, according to FreightWaves.com), BA -0.7% (DOJ fines BA over $2.5 bln, charges it with fraud conspiracy related to 737 MAX crashes, according to CNBC), GH -0.2% (amends supply agreement with ILMN, extends thru January 2033), LH -0.1% (receives CDC contract to provide genomic sequencing of SARS-CoV-2 samples), NWN -0.1% (co and BioCarbN form renewable natural gas partnership with TSN), HMC -0.1% (to reduce vehicle production due to supply shortage of semis, according to NikkeiAsia)