After Hours Summary: VTNR +48% jumps on asset sale; ALT -36.5% falls on discontinuing further development of AdCOVID; AVAV -4.9% falls on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: POWW +9.6%
Companies trading higher in after hours in reaction to news: VTNR +48% (VTNR to sell used motor oil collection and re-refining assets to CLH for $140 mln), FTI +2.1% (awarded substantial subsea contract by PBR), ATO +2.1% (files for $5 bln mixed securities shelf offering), CFLT +1.3% (Coatue Management discloses 9.99% stake), FCAC +0.5% (shareholders approve business combination, will begin trading as Sharecare), ACN +0.2% (acquires Bionic), FSLY +0.1% (names new CFO), QGEN +0.1% (announces commercialization partnership with Verogen), WMT +0.1% (announces strategic agreement with Ibotta to launch new digital offers program), O +0.1% (files mixed securities shelf offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AVAV -4.9%, BNED -0.1%
Companies trading lower in after hours in reaction to news: ALT -36.5% (discontinuing further development of AdCOVID beyond completion of Phase 1 trial), REPX -10.2% (stock offering), GDYN -8% (stock offering), EGLE -5.9% (stock offering), CERE -5.7% (stock offering), MDB -4.2% (commences 2.3 mln share offering), CDMO -3% (files for mixed securities shelf offering; also files for common stock offering by selling shareholders), PTSI -2.8% (files for $350 mln mixed shelf; also files for 1.5 mln share offering by selling shareholder), VAL -0.2% (awarded extension to jackup contract), NMM -0.2% (to acquire five drybulk vessels)