After Hours Summary: RMD +8.5%, MRCY +7%, YHOO +1% higher and SIMO -7% following earnings/guidance... BIOA / FSM / CASC among many names lower following equity offeringsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RMD +8.5%, MRCY +7.4%, YHOO +0.7%
Companies trading higher in after hours in reaction to news: SYNC +6.5% (thinly traded/ticking higher, extends Google Services Agreement), REXX +6.1% (reports Q4 and full-year 2016 production and estimated pricing and provided an operational update; Q4 production growth of 12% year-over-year), MRUS +4.7% (research collaboration news with Incyte - utilizes Merus' proprietary Biclonics technology platform), GLDD +3.3% (confirmed receipt of $88 million award for coastal restoration on the Gulf Coast), SIGM +2.4% (Soros increases passive stake), RAD +1.2% (modestly rebounding after closing near lows), S +2.8% (cont strength)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SIMO -7.2%
Companies trading lower in after hours in reaction to news: BIOA -11.5% (announces $10 mln underwritten public offering), FSM -7.3% (prices about a 10 mln share bought deal financing at $6.30/share for proceeds of about $65 mln), CASC -6.8% (to offer and sell shares of its common stock and Series E convertible preferred stock in concurrent but separate underwritten public offerings; Mark Lampert resigns from the Board as a result of his disagreement with decisions made by the Board related to the recently announced public offering), OCUL -6.5% (commences registered underwritten public offering of $25 mln of shares of its common stock), PLG -5.5% (announces $25 million bought deal financing), GLOP -5% (commences public offering of 3.75 mln common units), STRP -4.1% (files shelf registration statement on Form S-3 with the SEC, may from time to time issue up to an aggregate 1.25 mln shares of its Class B common stock), PNFP -2.7% (commences $175 mln common stock offering), USFD -1.4% (commences common stock offering of 30 mln shares by selling stockholders), ENBL -0.7% (files for $200 mln offering of common units representing limited partner interests)