After Hours Summary: UPST -44.5%, GDRX -28.4%, NVAX -16.7%, GRPN -12.3%, CARG -10% down on earnings; VRM +17.6% higher on new CEO/earnings; AFRM -13.6% heads lower in sympathy with UPSTAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: VRM +17.6% (also CEO Paul Hennessy steps down; Tom Shortt appointed as CEO), CLOV +14.5% (also files for $300 mln mixed securities shelf offering), UNVR +14%, MRC +12.5%, SWAV +9.4%, SDC +8.6%, HIMS +7.1%, FROG +6.1%, ROVR +4.8%, AMC +4.4%, NCMI +3.6%, BLNK +3%, MCHP +2.6% (also increases dividend), HRTX +2.5%, ZNGA +2.1%, DHT +1.6%, SPG +1.4% (also dividend increase and new $2 bln buyback plan), XPO +1.4%, RNG +1.3% (also names new CFO), OPRT +1%, TREX +0.2%, LFST +0.2%, MGY +0.1%, NHI +0.1%, SU +0.1%
Companies trading higher in after hours in reaction to news: CENN +5.7% (NVVE and CENN announce alliance to offer electrification solution for commercial fleets), NVVE +5.2% (NVVE and CENN announce alliance to offer electrification solution for commercial fleets), QSI +4.9% (names new COO), MTCH +3.2% (MTCH sues GOOG over alleged unlawful billing mandates), BRSP +2.5% (authorizes new $100 mln share repurchase program), KKR +1.6% (expands industrial real estate investment strategy in US), TINV +1.1% (announces business combination agreement with Grindr), PRAX +0.8% (reports top-line results from Part B of Phase 2a study of PRAX-944), SNCR +0.8% (signs multi-year agreement with Brightspeed), KRUS +0.4% (CFO to retire), GOOG +0.3% (MTCH sues GOOG over alleged unlawful billing mandates), EPAC +0.1% (names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: UPST -44.5%, GDRX -28.4%, NVAX -16.7%, MAXR -13.4%, GRPN -12.3%, CARG -10%, TDUP -10%, DDD -8.2%, PLUG -7.3%, MESA -5.6%, PUBM -4.5%, ALGM -3.8% (also CEO to retire), YMAB -3.2%, OPK -2.9%, XPER -2.9% (also remains on track to separate product and IP businesses in the fall), CRSP -1.5%, LMND -1.4%, BWXT -0.6%, AMWL -0.4%, HBM -0.4%, IFF -0.3%, ESE -0.2%, HI -0.2%, RBA -0.2%, DNB -0.1%, HLIO -0.1% (also to acquire the assets of Taimi R&D), PRA -0.1%, RCUS -0.1%
Companies trading lower in after hours in reaction to news: AFRM -13.6% (in sympathy with weak earnings report from UPST), OVV -3.3% (increases dividend, plans to double shareholder returns, reports earnings), FSLY -1.7% (postpones Investor Day), INN -1.6% (files mixed securities shelf offering)