After Hours Summary: KFY -7%, FWRD -1.5% following earnings/guidance, LKSD -20% on DOJ merger oppositionAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: MBIO +12.2% (initiated with Overweight rating and $7 tgt at Cantor Fitzgerald), MEET +4.9% (initiated with Outperform at Oppenheimer), CGC +1.8% (earnings expected tonight), FNKO +1% (initiated with Buy rating at DA Davidson)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: KFY -6.7%, FWRD -1.5%
Companies trading lower in after hours in reaction to news: LKSD -20.1% (DOJ sues to block Quad's [QUAD] acquisition of LSC Comm), SEE -7.2% (ticking lower; terminates CFO William Stiehl for cause effective immediately and appoints James Sullivan as new CFO effective June 24; reaffirms outlook), BYND -4.6% (ongoing volatility), ARE -1.9% (commences 3.5 mln share common stock offering in connection with the forward sale agreements), EXEL -1.8% (Exelixis was informed by its collaboration partner Roche's [RHHBY] Genentech that IMspire170 did not meet its primary endpoint), PYPL -1.3% (announces planned departure of COO Bill Ready), BXMT -1.3% (announces public offering of 7.5 mln shares of common stock), INVH -1.3% (announces secondary offering of 37.5 mln shares of common stock by selling stockholders affiliated with Blackstone), TLRY -1% (after closing 10% higher on the day)
