After Hours Summary: THC +11.9% on potential sale / activist engagement (boosting hospital peers), LSCC -1.6% blocked acquisition news is weighing on MGI / GNWAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: UNFI +6.5%, PCYG +5.5% (ticking higher), LAKE +4.3% (light volume)
Companies trading higher in after hours in reaction to news: THC +11.9% (WSJ reporting the company is considering sale; Glenview confirms plans to engage with the Board in connection with the CEO transition and search/Board refreshment), VSTM +6.7% / ELF +5.1% / MAIN +3.8% (unusual after hours movers - still checking), RETA +3.9% (confirms it received orphan drug designation for omaveloxolone for the treatment of malignant melanoma), SALT +3.6% (authorized the repurchase of up to $50.0 million of common stock), AAC +3% (ticking higher-to increase payor and geographic diversification with agreement to acquire AdCare in New England), RDUS +1.7% (slightly higher after 10% owner Biotech Growth disclosed purchase of another 50K shares), BLDP +1.1% (accepted Letter of Intent to provide FCveloCity-HD 100-kilowatt fuel cell engines to power 8 ExquiCity tram-buses being built by Van Hool NV during the second half of 2019)
Hospital names are higher with THC: CYH +3.1%, HCA +1.3%, UHS +0.5%After Hours Losers:
Companies trading lower in after hours in reaction to news: CRIS -25% (to offer and sell up to 20 mln shares of its common stock), SMMT -14.8% (proposed public offering of $15.0 million of American Depositary Shares), ARRY -8.8% (commences $175 mln common stock offering; files mixed securities shelf offering), BVXV -6.8% (to offer for sale its ADS), VNDA -5.9% (Tradipitant was shown to improve the intensity of the worst itch patients experienced, as well as atopic dermatitis disease severity), MGI -4.3% (following Canyon / LSCC news - deal with BABA / Ant may also be scrutinized), EPZM -4.1% (to offer $120 mln shares of common stock), KONA -3.6% (modestly ulling back), USFD -2.7% (confirms offering of 40 mln shares of common stock by investment funds associated with Clayton, Dubilier & Rice and Kohlberg Kravis Roberts), GNW -2.5% (also lower following Canyon / LSCC news - overseas deal may also be scrutinized), LSCC -1.6% (Press Secretary confirmed President Donald J. Trump issued order prohibiting the acquisition of Lattice Semiconductor Corporation), WLH -1.3% (proposed secondary offering of 3,322,666 shares of Class A common stock offered by Paulson & Co), TIF -1.1% (indicated lower on block trade pricing), EFX -1% (continued weakness; House Representative Bob Latta confirmed in letter that Equifax CEO agreed to testify on October 3 at Subcommittee on Digital Commerce Consumer Protection hearing), BABA -0.5% (Jack Ma affiliated entities adopted pre-arranged share sales plan for the sale of up to 16 million shares of the Company over a 12-month period commencing in October 2017; also Ant/MGI related weakness)