After Hours Summary: TLYS +20.5%, PSUN +11.8%, AVGO +6.3%, ARO -2.5%, GES -0.1% following earnings/guidance; ARRY +22.8% on binimetinib news
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: TLYS +20.5%, PSUN +11.8%, AVGO +6.3%,
In reaction to M&A: CACH +31% ($0.29 stock - co announced a review of strategic alternatives), HE +9.9% (NextEra Energy (NEE unched) and HE to combine in a $4.3 bln deal),
Companies trading higher in after hours in reaction to news: ARRY +22.8% (to regain worldwide rights to binimetinib), OXF +19% (disclosed that on December 2, 2014, it was notified the NYSE that it regained compliance with the share price continued listing standard of the NYSE), APPY +5.3% (light volume; will provide business update on Monday, Dec 8 at 4:30 following FDA request for additional info on APPY1 direct de novo submission), BMRN +2.1% (CEO appears on CNBC's Fast Money), PRA +1.8% (has authorized a special dividend of $2.65 per common share, increased its regular dividend by 3.3% to $0.31/share and adds to share repurchase authorization ), HDNG +1.1% (light volume; Privet Fund disclosed 7% stake; has engaged in discussions with management regarding the operations and strategic direction), DIS +0.1% (increases annual dividend 34% to $1.15 per share).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: SEAC -7.3%, VRNT -3.2%, ARO -2.5%, GES -0.1%,
Companies trading lower in after hours in reaction to news: KIN -26.4% (has re-assessed its atopic dermatitis program and the atopic dermatitis market and has decided to discontinue its AtoKin study in favor of directing resources toward other programs in its portfolio), ADC -2.7% (commenced underwritten public offering of 2.1 mln newly issued shares of common stock)