After-Hours Stock Movers 09/12: (ACTS) (SANM) (UNFI) Higher; (FATE) (OPTT) (WTW) Lower (more...)

September 12, 2016 5:35 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Fate Therapeutics (NASDAQ: FATE) 7.7% LOWER; filed a registration with the U.S. SEC to sell up to 5,250,000 shares of common stock on behalf of selling shareholders.

Actions Semiconductor Co., Ltd. (NASDAQ: ACTS) 7.5% HIGHER; entered into a definitive merger agreement on September 12, 2016 pursuant to which the Company will be acquired by a consortium of investors.

Ocean Power Technologies (NASDAQ: OPTT) 4.9% LOWER; reported Q1 EPS of ($1.72), versus ($2.38) reported last year. Revenue for the quarter came in at $200 thousand, versus $100 thousand reported last year.

Weight Watchers International, Inc. (NYSE: WTW) 4.6% LOWER; announced that it is commencing a search for a new CEO to lead the next stage of the Company's growth. James Chambers has notified the Board of Directors of his resignation as Chief Executive Officer, effective September 30, 2016, and as a Director of the Company. In addition, Thilo Semmelbauer, who had previously served as Chief Operating Officer with Weight Watchers until 2008, has been elected to the Company's Board of Directors.

Anadarko (NYSE: APC) 2.3% LOWER; Freeport-McMoRan Inc. (NYSE: FCX) announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has entered into a purchase and sale agreement with Anadarko (NYSE: APC) for the sale of its Deepwater Gulf of Mexico (GOM) properties for total cash consideration of $2.0 billion and up to $150 million in contingent payments. Also, Anadarko announced a registered underwritten public offering of 35,250,000 shares of its common stock.

Blue Buffalo Pet Products, Inc. (Nasdaq: BUFF) 2.3% LOWER; announced that certain of its stockholders intend to offer for sale in an underwritten secondary offering an aggregate of 14,300,000 shares of common stock of Blue Buffalo pursuant to Blue Buffalo’s registration statement on Form S-3, filed with the Securities and Exchange Commission (the “Commission”). Blue Buffalo is not offering any shares of common stock in the proposed offering and will not receive any proceeds from the sale of shares in the proposed offering. The offering is expected to close on September 16, 2016, subject to customary closing conditions.

Sanmina Corporation (Nasdaq: SANM) 1% HIGHER; announced that its Board of Directors has authorized a stock repurchase program of up to $150 million worth of the Company's common stock.

United Natural Foods (NASDAQ: UNFI) 0.4% HIGHER; reported Q4 EPS of $0.70, $0.07 better than the analyst estimate of $0.63. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.22 billion. GUIDANCE: United Natural Foods sees FY2017 EPS of $2.53-$2.63,may not compare to the consensus of $2.69. United Natural Foods sees FY2017 revenue of $9.43-9.60 billion, versus the consensus of $9.4 billion.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Special Reports

Related Entities

After-Hours Movers, S3, Definitive Agreement

Add Your Comment