After Hours Summary: SYNA +10.9% to be acquired by ON -8.6%; FDXF +0.1% reports first quarter post-spin-off
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WSE +4.2%, FDXF +0.1%
Companies trading higher in after hours in reaction to news: TII +12.1% (selected by US Army to establish public-private partnership for domestic critical minerals processing), SYNA +10.9% (ON to acquire SYNA in all-stock deal, both cos reaffirm guidance), RKLB +3.1% (selected by NASA to provide three Electron launches), IAUX +2.7% (assay results from 2025-2026 infill drill campaign), BILL +2% (names new Chief Revenue Officer), EQX +2% (signs land access agreements), NRXP +1.7% (responds to recent public statements regarding Kadima dispute), FLEX +0.9% (JetCool unit launches liquid-cooled version of Dell PowerEdge XE7745 server), MKSI +0.7% (to expand manufacturing capability), AG +0.6% (receives construction permits), ASND +0.5% (to showcase advances in treatment of achondroplasia), MSFT +0.4% (leans toward pushing its IPO into next year, according to NYT), WY +0.4% (provides update; lowers Q2 wood products guidance), KO +0.2% (leadership change for North America operating unit), AXP +0.2% (Fed stress test results; to increase dividend), FRST +0.1% (files for $150 mln mixed securities shelf offering), CTGO +0.1% (files mixed securities shelf offering), BA +0.1% (US clears potential $250 mln sales to Australia, according to Reuters)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OMSE -6.9%, QMCO -1%
Companies trading lower in after hours in reaction to news: ON -8.6% (ON to acquire SYNA in all-stock deal, both cos reaffirm guidance), SVC -0.6% (1-for-5 reverse split), GD -0.5% (awarded a $209.3 mln modification to US Army contract)