After Hours Summary: Very busy earnings session; headliners: FUBO +25.4%, NET +21.2%, CVNA +14.7%, YELP +14.6%, DASH +13.7%, TEAM +10.2%, LYFT +9.1% on upside; DOCS -16.5%, CDNA -13.3%, MNTV -11.8%, WBD -11.4% on downsideAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FUBO +25.4%, NET +21.2%, PGNY +17.6%, CVNA +14.7%, YELP +14.6%, DASH +13.7%, DVAX +10.7%, CHGG +10.3%, TEAM +10.2% (also names new CFO), LYFT +9.1%, REZI +8.2%, NBIX +7.6%, PCTY +7.3%, CTVA +7.2%, EXPE +5.8%, PBYI +5.8%, BL +5.6%, CDXS +5.5%, HUBS +5.5%, FND +5.4%, AL +5%, BHF +4.7%, TRIP +4.7%, MDRX +4.6%, OPEN +4.3% (also announces a multi-year partnership with ZG), CWK +4.1%, NEWR +3.6% (also names new CFO), PEN +3.6%, CYRX +3.5%, DUOL +3.4%, TDC +3.2%, XRAY +3.2%, FIGS +3.1%, ATSG +3%, OPK +2.9%, AMH +2.4%, MNRL +2.2%, XPO +2% (also names new CEO), MP +1.9%, ELY +1.6%, PODD +1.6%, AMWL +1.5%, ENV +1.4%, CLNE +1.3%, MWA +1.2%, CUTR +1.1%, ED +1.1%, JAMF +1.1% (also names new CFO), AES +0.8%, AMN +0.8%, SYNA +0.7%, QDEL +0.6%, RBA +0.5%, MAX +0.4%, RSG +0.3%, SXI +0.3%, TMST +0.3%, PRCT +0.3%, G +0.2%, KWR +0.2%, MTW +0.2%, ARWR +0.2%, CMP +0.1%, COLD +0.1%, DOUG +0.1%, HRT +0.1%, LGF.A +0.1%, PSA +0.1%, USM +0.1%
Companies trading higher in after hours in reaction to news: ATCO +21.4% (approached by a consortium led by Chairman to acquire rest of shares at $14.45/sh), CLFD +6.6% (to join S&P SmallCap 600), THRY +3.5% (files mixed securites shelf offering), ERF +3% (increases dividend), VLRS +2.6% (reports July traffic), BORR +0.8% (receives binding LoI for premium jack-up drilling rig), DDD +0.6% (names new CFO), TG +0.2% (increases dividend), ABT +0.2% (ABT and WW announce a strategic partnership around diabetes)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DOCS -16.5%, CDNA -13.3%, MNTV -11.8%, WBD -11.4% (also by summer 2023 a new service will replace both HBO Max and Discovery Plus, according to TheVerge), AMC -10.4% (also files mixed securities shelf offering; also announces special dividend of AMC Preferred equity units), SEM -10.4%, SPCE -10.1%, RKT -9.9%, HCAT -8.8% (also authorizes new $40 mln share repurchase program), BGS -8.6%, PTCT -8.6%, LPRO -7.8%, TWLO -7.4%, WW -7.3% (also announces strategic partnership with ABT around diabetes), SQ -7.2%, ZG -7.1% (also announces a multi-year partnership with OPEN), IOVA -6.7%, FNKO -6.3%, RDFN -6.3%, GRWG -6.1%, POWI -6.1%, CHUY -5.2%, MRVI -4.9%, OEC -4.4%, MNST -4.3%, RAMP -3.7%, NKTR -3.4%, AEE -3.3%, SDGR -3.2%, CRSR -3.1%, NLOK -3%, LOCO -2.9%, APPN -2.6%, KTOS -2.4%, GH -2.2%, SWKS -2.1% (also increases dividend), DBX -2%, NTRA -2%, BIGC -1.9%, FRG -1.8%, OLED -1.7% (also names new CFO), BLUE -1.7%, GDYN -1.5%, SGMO -1.5%, VTR -1.5%, EVTC -1.4%, ROVR -1.3%, AMGN -1.2%, FLGT -1.2%, CYTK -0.9%, RSI -0.8%, DIOD -0.6%, ESTE -0.6%, PBA -0.6%, VRTX -0.6%, STEM -0.6%, EOG -0.4% (also declares a special dividend of $1.50/sh), BYND -0.3% (also to cut ~4% of workforce), CABO -0.3%, HMN -0.3%, SWN -0.3% (also authorizes up to $1 bln for share repurchases; increases FY22 capital investment by 10%), SPXC -0.2% (also to reorganize corporate legal structure), SU -0.2%, LU -0.2%, AX -0.1%, GPRO -0.1%, MSI -0.1%, RLJ -0.1%, RMAX -0.1%
Companies trading lower in after hours in reaction to news: DCPH -5.7% (files $300 mln mixed securities offering), TPVG -5.3% (commences 3.75 mln stock offering), CELH -3.2% (to move to the S&P MidCap 400 from S&P SmallCap 600), TRP -3% (announces $1.8 bln bought deal offering of 28.4 mln shares at $63.50/sh; also forges alliance with Mexico's state-owned electric utility to accelerate development of nat gas infrastructure), SANA -2.8% (files mixed securities shelf offering), KKR -2.3% (announces strategic alliance with Loop Capital) APO -1.7% (to establish a 50/50 joint venture in Korea), EXC -1.2% (commences $500 mln stock offering), SD -0.9% (files $500 mln mixed securities shelf offering), SI -0.6% (stock offering), BMO -0.4% (expands presence in Japan with securities license), IIVI -0.3% (files offering of Convertible preferred stock by selling securityholders), GD -0.3% (awarded $890 mln and $535 mln modifications to previously awarded US Navy contracts)