After Hours Summary: THO +10%, VNET +5%, ZTO +3%, UNH +2% higher following earnings/guidance... SCVL -12% following earnings/guidance, NVLS -54% on Ph 2 update, several names lower following secondary offering newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: THO +9.8%, VNET +4.7%, ZTO +2.8%, UNH +2.2%
Companies trading higher in after hours in reaction to news: TIVO +6% (TiVo and Netflix enter into product and intellectual property agreements), RMAX +1.4% (light volume; acquires the Master Franchise for the Georgia, Kentucky/Tennessee, and Southern Ohio Regions; terms not disclosed), QSR +1.2% (higher on light volume after long position discussed by Aaron Cowen of Suvretta Capital Management at the Robin Hood Investors Conference)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SCVL -12.1%
Companies trading lower in after hours in reaction to news: NVLS -53.6% (Phase 2 trial evaluating efficacy and safety of two doses of cavosonstat failed to demonstrate benefit in absolute change in percent predicted FEV1 or in sweat chloride reduction at 12 weeks), FOLD -27.3% (announces U.S. regulatory pathway for Migalastat for Fabry Disease; acknowledge the FDA's position that accelerated approval based on kidney GL-3 reduction is not currently an option), GLBS -10.2% (after stock doubled today), COTV -4.3% (commences 10 mln common stock offering by selling stockholders), BOJA -4.1% (announces a 6 mln share underwritten public offering of common stock by selling shareholders), FDUS -3.9% (commences registered public offering of 2.5 mln shares of common stock through an underwritten public offering), TCBI -3.6% (announces an underwritten public offering of 3.0 mln shares of common stock), BIP -3.2% (light volume; Brookfield Infrastructure announces $750 million equity offering), CHKE -2.5% (launches public offering of shares of its common stock, announces preliminary Q3 financial results, gives FY17 & FY18 guidance; to acquire Hi-Tec Sports International Holdings B.V. for approx. $95.8 mln in a share purchase agreement), SITE -2.5% (ticking lower; commences 8 mln common stock offering by selling stockholders Clayton, Dubilier & Rice, and Deere)