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After-Hours Movers: Bed Bath & Beyond Gains on Insider Buys; USANA Down on Warning

July 6, 2022 5:51 PM EDT

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After-Hours Stock Movers:

CytomX Therapeutics, Inc. (Nasdaq: CTMX) 28% LOWER; announced that the Phase 2 study of praluzatamab ravtansine in patients with hormone receptor-positive (HR+)/human epidermal growth factor receptor 2 (HER2)-non-amplified breast cancer (Arm A) met its primary efficacy endpoint of confirmed objective response rate (ORR) of greater than 10 percent by central radiology review. Praluzatamab ravtansine is a DM4-conjugated, conditionally activated antibody-drug conjugate (ADC) targeting CD166 and is wholly owned by CytomX.

Veru, Inc. (NASDAQ: VERU) 19% HIGHER; Adds to 13% intra-day gains after the publication of Phase 3 data demonstrating that Sabizabulin treatment significantly reduced deaths in high-risk hospitalized COVID-19 patients.

USANA Health Sciences, Inc. (NYSE: USNA) 10% LOWER; announced preliminary results for the second quarter ended July 2, 2022, and provided an updated outlook for fiscal year 2022. The Company anticipates that second quarter 2022 net sales will be approximately $265 million, which compares with $337 million in the prior-year period. Earnings per share for the quarter are expected to be approximately $1.05, which compares with $1.87 during the second quarter of 2021. (Consensus sees Q2 EPS of $1.26 on revenue of $272.8 million)

Avalo Therapeutics, Inc. (Nasdaq: AVTX) 8% LOWER; announced a one-for-twelve reverse stock split of the Company's common stock, par value $0.001, which will be effective at 5:00 pm Eastern Time tomorrow, July 7, 2022.

Bed Bath & Beyond (NASDAQ: BBBY) 7% HIGHER; Interim CEO Sue Gove and two directors buy stock.

GameStop Corp. (NYSE: GME) 7% HIGHER; announced that its Board of Directors has approved and declared a four-for-one split of the Company’s Class A common stock in the form of a stock dividend.



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