After Hours Summary: TSLA +17.1% jumps on Q1 production update; FATE +22.2% jumps on clinical news and JNJ deal; TGT to start metering guestsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PLAY +4.8%, NVGS +1%, B +0.1% (withdraws guidance)
Companies trading higher in after hours in reaction to news: FATE +22.2% (announces first patient for FT596; also announces global collaboration deal with JNJ unit), TSLA +17.1% (provides Q1 production update), SVRA +10.8% (exclusive lic/collaboration agreement with GRFS for Apulmiq), SUN +4.7% (maintains quarterly dividend), INCY +4.2% (to initiate a Phase 3 trial of ruxolitinib in patients with COVID-19), BBBY +2.8% (extends store closures; to furlough a majority of its store associates), CODI +1.9% (provides COVID update), DVAX +1.4% (withdraws FY20 guidance for HEPLISAV-B net product sales), CAKE +1.3% (provides comp guidance), AEO +0.9% (provides COVID-19 update; suspends share repurchase program and defers dividend), ETSY +0.6% (provides business update), LMT +0.3% (awarded $510 mln Air Force contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MIC -15.7% (withdraws guidance and suspends dividend; provides strategic alternatives update), CHWY -3%, MNRO -1.3% (guides below consensus for MarQ revs and FY20 EPS)
Companies trading lower in after hours in reaction to news: LEN -2.7% (releases outlook section of Form 10-Q), SYRS -2.4% (Steven Cohen discloses 5.1% passive stake), NP -1.3% (announces that the Vectorply acquisition has not been completed), EBS -0.5% (to partner with US govt for plasma-derived therapy for COVID-19 patients), TGT -0.4% (to start metering guest traffic at its stores where needed)