Plus   Neg

After Market Hours: Synaptics, GenMark, TechnipFMC Gains; MOGU, Hepion Slips

Synaptics Inc. (SYNA) - The company gained nearly 5% in extended trading session Tuesday after it said it agreed to buy certain assets and manufacturing rights associated with the wireless IoT business of Broadcom (AVGO) for about $250 million in an all-cash transaction.

GenMark Diagnostics, Inc. (GNMK) - The molecular diagnostics company jumped over 5% on Tuesday after-hours. GenMark said it expects second-quarter revenues to be about $40.1 million, representing an increase of 118% from last year. Analysts polled by Thomson Reuters currently estimate revenues of $31.39 million.

TechnipFMC plc (FTI) - The oil and gas company gained nearly 10% in after-hours Tuesday after it signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.

MOGU Inc. (MOGU) - Shares of the Chinese online fashion company tanked 10% in after-hours trading after the company's stock more than doubled in regular trading on Tuesday.

Hepion Pharmaceuticals, Inc. (HEPA) - Shares of the biopharmaceutical company slipped over 7% after the bell on Tuesday, despite gaining 43% in regular trade. The company had announced that its anti-fibrotic drug candidate was efficacious in two pre-clinical research related to COVID-19.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT