After-Hours Stock Movers 04/07: (AVCT) (SBBP) (CARG) Higher; (OTIC) (LNDC) (ASO) Lower (more...)

April 7, 2021 5:29 PM EDT

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After-Hours Movers:

American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) 43% HIGHER; received an unsolicited non-binding proposal, subject to certain conditions, to acquire all of the issued and outstanding shares of common stock of the Company (on an as-converted and as-exercised basis) for a price of approximately $9.00 per share.

Otonomy, Inc. (Nasdaq: OTIC) 9.4% LOWER; announced that it has commenced an underwritten public offering of its common stock.

Landec (NASDAQ: LNDC) 8.2% LOWER; reported Q3 EPS of ($0.09), $0.11 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $137.8 million versus the consensus estimate of $139.8 million. Landec sees FY2021 revenue of $523-532 million, versus the consensus of $542.3 million.

Academy Sports and Outdoor (NASDAQ: ASO) 6% LOWER; Block of 9M Shares Said Offered Via JPMorgan - Bloomberg

Dolphin Entertainment, Inc. (NASDAQ: DLPN) 5.4% LOWER; rescheduled its conference call to discuss financial results for its fourth quarter and full year ended December 31, 2020 to Thursday, April 8, 2021, at 5:00pm ET.

Strongbridge Biopharma plc, (Nasdaq: SBBP) 3.7% HIGHER; announced that results from a subanalysis of patients with diabetes mellitus from the Phase 3 SONICS study of RECORLEVĀ® (levoketoconazole) for the potential treatment of endogenous Cushings syndrome were published in the peer-reviewed journal, Frontiers in Endocrinology.

CarGurus Inc. (NASDAQ: CARG) 1.8% HIGHER; Raymond James assumes coverage, upgraded from Market Perform to Outperform with a price target of $34.00.

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