After Hours Summary: UAL -4.4%, JBHT -4.2%, IBKR -4% all lower on earnings; FND +6.1% on news it will join S&P MidCap 400; BIO -5.5% lower on news its CFO is stepping down
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FULT +2.1%, GBDC +0.7%, HWC +0.6%, WTFC +0.4%
Companies trading higher in after hours in reaction to news: VKTX +9.1% (new results from trial of VK2735 featured in oral presentation), FND +6.1% (to join S&P MidCap 400), VICR +3.7% (to move to S&P SmallCap 600 from S&P MidCap 400), RYTM +2.7% (presents data from study of setmelanotide), MSFT +0.8% (MSFT preparing to bring AMZN as a customer of its 365 cloud tools in a $1 bln deal according to Business Insider), MRTX +0.7% (announces updated results from the KRYSTAL-7 Phase 2 study), YMAB +0.6% (FDA clears IND application for CD38-SADA), KURA +0.6% (announces results from study of tipifarnib), BGNE +0.3% (announces results from final analysis of Phase 3 RATIONALE 305 trial)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WAFD -6.3%, UAL -4.4%, JBHT -4.2%, IBKR -4%, OMC -1.4%, PNFP -1.1%
Companies trading lower in after hours in reaction to news: RARE -6.6% (commences $300 mln stock offering), MIRM -5.7% (FDA extends review of sNDA for LIVMARLI), BIO -5.5% (CFO to resign), BAER -5.4% (commences $70 mln public offering), AMAM -4.2% (files $300 mln mixed shelf securities offering), TENB -2.9% (Chubu Electric chooses Tenable OT Security), LECO -1.8% (increases dividend), LXRX -1.6% (highlights upcoming presentations of two studies re financial impact of INPEFA), AAL -1.3% (in sympathy with UAL earnings), DAL -1% (in sympathy with UAL earnings), NPCE -0.8% (enhances RNS System to streamline care), ALK -0.7% (in sympathy with UAL earnings), LBRT -0.6% (increases dividend), TEX -0.5% (CEO to retire; names new CEO, raises FY23 outlook), SGHT -0.5% (10% workforce reduction), CCJ -0.2% (Board Chair Ian Bruce passed away), AMZN -0.2% (MSFT preparing to bring AMZN as a customer of its 365 cloud tools in a $1 bln deal according to Business Insider), AEO -0.1% (hires two execs), VMI -0.1% (to collaborate with FieldSync), MCB -0.1% (partners with cloud-based payments platform, Finzly)