After Hours Summary: SYNA +11% after confirming M&A discussions, LZB -7.4%, ORCL -3.4%, SBUX -2.2% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: SYNA +11.2% (confirms discussions with Dialog Semiconductor regarding the potential acquisition of Synaptics), EGY +4.8% (provided update - restored significant production from the Avouma 2H well), CVG +4.7% (Reuters reporting in M&A talks with Synnex), ARRY +3.4% (continued strength), WBA +2.6% (Walgreens Boot Alliance to replace General Electric in the Dow Jones Industrial Average, effective before the open Tuesday, June 26), PRTA +1.8% (announces Phase 1b clinical results of PRX002/RG7935 for Parkinson's Disease has been published in JAMA Neurology), PTCT +0.8% (modestly rebounding), VALE +0.8% (light volume; provides announces cobalt streaming transaction update and files for debt securities/guarantees offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LZB -7.4%, ORCL -3.4%, SBUX -2.2% (details three strategic priorities - taking decisive steps to address anticipated Q3 comps of 1%; lowers FY18 EPS guidance), FDX -0.5%
Companies trading lower in after hours in reaction to news: ANIK -19.8% (announces that CINGAL 16-02 clinical trial for knee osteoarthritis did not achieve statistical significance), KIN -3% (proposed public offering of common stock), GE -1.6% (Walgreens Boot Alliance to replace General Electric in the Dow Jones Industrial Average, effective before the open Tuesday, June 26)