After Hours Summary: TSLA +14% after being appointed to join the S&P 500; API -9% declines following earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: YY +5.4% (also agreed to sell YY Live business to Baidu [BIDU] for $3.6 bln)
Companies trading higher in after hours in reaction to news: NEPT +16.2% (received over $100 mln in purchase orders), TSLA +13.7% (to join S&P 500), PGRE +8.6% (rejected unsolicited Bow Street acquisition proposal), KRMD +5% (authorized $10 mln stock repurchase program), AXTI +3.3% (initiated process toward IPO for Tongmei subsidiary in China), BMY +2.5% (provided regulatory update for liso-cel BLA), COST +1.9% (declared $10/share special cash dividend), FSR +1.8% (co and Magna [MGA] achieved Preliminary Product Specification), CBAY +1.1% (presented results from ENHANCE Phase 3 study)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: API -8.7%, SMMT -6.1%, IQ -6.4%, GAN -4.3% (also agreed to acquire Coolbet), SDC -4.0%, SLP -4.4%, BEKE -1.7% (also announced public offering of 35.4 mln ADSs), BIDU -1.7% (also agreed to acquire JOYY's [YY] YY Live business), GDS -0.6%,
Companies trading lower in after hours in reaction to news: PLUG -6.1% (launched common stock offering), ORA -4.6% (launched public common stock offering and filed mixed securities shelf offering), JAMF -4.1% (launched follow-on public offering of common stock), CAE -4% (announced stock offering and concurrent private placement; also acquired Flight Simulation Company), KOD -4% (launched common stock offering), PLYA -3.8% (announced secondary offering of Ordinary Shares), PDD -4.1% (announced offerings of convertible senior notes and ADSs; filed offering prospectus), GME -3.4% (stakeholder calls for strategic review, according to WSJ), TREE -3.2% (secondary offering), STAG -1.9% (launched public offering of common stock), SQNS -1.1% (filed for offerings)