After Hours Summary: Main headline is weak earnings for several large tech names: IBM -7%, STX -5%, INTC -4.7%; SWIR +12.8% rises on bullish guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SWIR +12.8% (also CEO to retire), SIVB +5.4%, WAL +2.6%, OZK +2.4%, FOR +1.1%, ASB +0.1% (also CEO to retire)
Companies trading higher in after hours in reaction to news: ADMP +68.5% (announces availability of SYMJEPI products through Walgreens program), FLDM +24.2% ( receives CE-IVD mark for saliva-based Advanta Dx SARS-CoV-2 RT-PCR Assay), XGN +17.8% (says that all AVISE test offerings are now a contracted in-network service with Tufts Medical Center), AMRN +4.4% (announces inclusion of icosapent ethyl in China's updated Guidelines), TTEK +3.9% (awarded $25 mln contract from US Agency for Intl Development), AMD +2.4% (in sympathy with INTC earnings), VRRM +1.9% (to acquire 100% of the issued share capital of Redflex), MMP +1.4% (MMP and EPD to jointly develop a futures contract based on Houston oil), INCY +1.3% (FDA accepts BLA for retifanlimab), ACGL +0.4% (announces estimated catastrophe losses for Q4), GSK +0.1% (ViiV Healthcare announces FDA approval of Cabenuva; aslo discontinues trial for ulcerative colitis), NOC +0.1% (awarded $3.6 bln Air Force contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IBM -7%, STX -5%, INTC -4.7%, PPG -2.7%, ISRG -1.3%, CSX -0.6%, NBHC -0.3% (also raises dividend slightly), ED -0.1% (guides to low end of prior guidance; raises dividend slightly)
Companies trading lower in after hours in reaction to news: PGEN -8.2% (stock offering), GSL -6.9% (stock offering), IMMP -5.7% (says its licensing partner GSK has discontinued trial for ulcerative colitis), ACB -5.5% (announces US$125 mln bought deal financing agreement), WDC -3.1% (in sympathy with STX earnings), ACAM -2.4% (closes business combination with CarLotz), CARG -2.3% (names new CEO and CFO), GLP -1.7% (files for $500 mln mixed securities shelf offering), SENS -0.8% (announces $50 mln bought deal offering of common stock), F -0.7% (will replace Takata airbag inflators in 2.7 mln US vehicles; also provides update on pension/OPEB), ARKO -0.5% (stock offering), EPD -0.1% (MMP and EPD to jointly develop a futures contract based on Houston oil)