After Hours Summary: TRIP +18%, SEDG +16%, PKD +15.5%, CTL +10%, CSCO +7% higher, while NTAP -10%, SPWR -8% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TRIP +17.8%, SEDG +16%, CTL +10.1%, CSCO +6.7%, CC +4.2%, GG +4.2%, LPI +3.4%, CF +2.2%, A +1.9%, SB +1.4%, ABX +1.2%, (light volume), NLY +1.1%, MRO +1.1%
Companies trading higher in after hours in reaction to news: AMAG +19.8% and ATRS +19.7% (FDA approved Makena subcutaneous auto-injector to reduce risk of preterm birth; to file NDA for Bremelanotide later this quarter), COOL +13.3% (was initiated with Overweight rating and $70 tgt at Cantor Fitzgerald after the close), AVP +5.7% / HII +2.3% (ahead of earnings), NBIX +3.1% (announced that the FDA has provided guidance on the regulatory path forward to support the New Drug Application NDA for Opicapone), BEN +2.9% (announces $3 special dividend), TRVG +2.2% (following TRIP results), RMBS +1.5% (light volume - Rambus signs license agreement with Gemalto -agreement covers the use of Rambus patents covering Differential Power Analysis Countermeasures), PCLN +1.2% (following TRIP results; also Meritage disclosed new stake), BAC +1% (reports out that Amazon/ BofA partnering for lending program; also new Senator Investment Group and Owl Creek disclosed news stakes, Appaloosa/David Tepper increased stake), BIIB +0.9% (modestly rebounding; also results from CHERISH Phase 3 study evaluating SPINRAZA were published in The New England Journal of Medicine, Duquesne and Sarissa increases stakes)
Hedge Fund portfolio updates (13F) movers: TEVA +8.6% (Berkshire Hathaway and Jana disclose new positions), CVG +5.2% (Elliott Management discloses new stake), OSTK +2.8% (Soros Fund Management discloses new stake), BHF +2.3% (David Einhorn's Greenlight Capital disclosed new stake), BK +0.8% (Berkshire increases stake), TWX +0.4% (David Einhorn's Greenlight Capital, Viking, Sachem and Corvex disclosed new stake, Paulson, Canyon Capital and Highfields increased stakes), SWN +0.3% (ticking higher after Third Point /Dan Loeb disclosed new stake), NFLX +0.3% (Third Point disclosed new stake)After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FORD -12.1%, NTAP -9.8%, SPWR -8.4%, LIVE -7.8% (also discloses conclusion that several previously issued financial statements should no longer be relied upon), KGC -5.9%, NEPT -5.1%, CAI -4.8%, XEC -4% (light volume), QTWO -4%, EQIX -3.9%, MAR -3.7%, ALSN -2.2%, AEM -1.2%, AMAT -0.8%
Companies trading lower in after hours in reaction to news: CDMO -19.7% (commences underwritten public offering of its common stock), INPX -13.5% (launched public offering), FOLD -2.7% (announces $250 mln public offering of common stock), ATKR -2.1% (commences 6 mln common stock offering by selling stockholder Clayton, Dubilier & Rice), CMP -1.1% (lower on light volume after being downgraded to Underperform from Neutral at Credit Suisse)