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After-hours movers: Cerevel surges on takeover, Chewy falls following results

December 6, 2023 5:30 PM EST

After-Hours Stock Movers:

Wave Life Sciences Ltd. (Nasdaq: WVE) 19% LOWER; commenced an underwritten public offering of $100 million of its ordinary shares.

Nikola Corporation (Nasdaq: NKLA) 17% LOWER; plans to offer $100,000,000 of common stock and $200,000,000 aggregate principal amount of Green Convertible Senior Notes due 2026

Cerevel Therapeutics (NASDAQ: CERE) 15% HIGHER; agreed to be acquired by AbbVie Inc. (NYSE: ABBV) for $45 per share in cash, or $8.7 billion.

Vivid Seats Inc. (NASDAQ: SEAT) 10% LOWER; to offer 18,500,000 shares for a selling stockholder in a secondary offering.

Chewy (NYSE: CHWY) 9% LOWER; beats on EPS but misses on revenue in the third quarter and issues fourth quarter and full year revenue guidance below the Street

C3.ai (NYSE: AI) 8% LOWER; beats on the bottom line for Q2 but misses on the top line. In addition, guidance was lackluster missing modestly at the midpoint for the third quarter.

HCI Group, Inc. (NYSE: HCI) 6% LOWER; commenced an underwritten public offering of 1,000,000 shares of its common stock.

89bio, Inc. (Nasdaq: ETNB) 5% LOWER; commenced an underwritten public offering of $125.0 million of shares of its common stock or, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of its common stock.

Paycor HCM, Inc. (Nasdaq: PYCR) 3% LOWER; announced the commencement of an underwritten public offering of 5,000,000 shares of common stock.



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