After Hours Summary: TARO +9.2% up big on M&A news; DFS +1.6% edges higher after naming a new CEO; ORCL -7.6%, CASY -0.2% both down following quarterly results
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BLBD +7.8%
Companies trading higher in after hours in reaction to news: TARO +9.2% (agrees in principle to be acquired for $43.00/share), OLPX +2.4% (appoints new CEO), DFS +1.6% (names new CEO), PRU +1.3% (authorizes $1.0 bln repurchase program), GERN +1% (Phase 3 presentation), AB +0.5% (reports month-end AUM), SBLK +0.5% (combining with Eagle Bulk Shipping), F +0.4% (cutting F-150 Lightning production in half, according to Automotive News), APAM +0.3% (reports month-end AUM), KKR +0.2% (nearing buying stake in Cotiviti, according to WSJ), BMY +0.1% (strategic collaboration with SystImmune), IBP +0.1% (acquiring Combee Insulation of Florida), CNS +0.1% (reports month-end AUM)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ORCL -7.6%, CASY -0.2%
Companies trading lower in after hours in reaction to news: KNTK -6% (stock offering), SBOW -5.7% (stock offering), SNCY -4.2% (stock offering), HAS -4.1% (to reduce workforce by nearly 20%), LCID -3% (CFO departing), MAT -3% (trading in sympathy with HAS), GPOR -2% (stock offering), IVZ -1.9% (reports month-end AUM), LPTX -0.8% (to present new data), RMD -0.3% (secures victory in patent fight), AMZN -0.2% (drone delivery head of safety departing, according to CNBC), WTS -0.1% (to acquire Josam Company)