After Hours Summary: BIDU +8.1% up nicely on earnings; DVAX +33.7% up on COVID news; several stocks lower on stock offerings: MRNA -3.2%, CVNA -4.2%, GOSS -11.5%After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BIDU +8.1%
Companies trading higher in after hours in reaction to news: ABUS +46.5% (reports "positive" follow-up data from Phase 1a/1b trial of AB-729 in chronic hepatitis B virus infection), DVAX +33.7% (to provide update on early-stage collaborations for COVID-19 vaccine; collaboration partner could commence Phase 1 trial as soon as July), DOC +7.9% (to join S&P MidCap 400), HP +4% (to join the S&P SmallCap 600), SDC +2.7% (files $2.8 bln lawsuit against NBC), KRYS +2.6% (commences public offering of common stock), BYD +1.4% (announces plans to reopen 7 properties), JPM +0.9% (maintains quarterly dividend), AVTR +0.4% (offering of 45 mln shares by selling stockholders), WST +0.1% (to join S&P 500)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IQ -5.1%
Companies trading lower in after hours in reaction to news: BLPH -14.7% (stock offering), GMDA -13.2% (launches follow-on public offering), GOSS -11.5% (announces offerings of common shares and convertible senior notes), CLVS -6.8% (announces $85 mln stock offering), CVNA -4.2% (proposes offering of 5 mln shares), NVAX -3.4% (files for sale of up to $250 mln of its common shares), MRNA -3.2% (files for $1.25 bln common stock offering), CABO -2.6% ($400 mln stock offering), TMUS -2.4% (falls after hours on WSJ report that SoftBank is in talks to sell T-Mobile Shares to Deutsche Telekom), FSLY -1.8% (announces follow-on offering of 6 mln shares), SE -1.6% (proposes $1 bln convertible notes offering), DIS -0.7% (announces exec changes at some segments; also, Kevin Mayer, Head of Disney+ streaming service, is leaving to become CEO of TikTok according to WSJ)