After-hours movers: Oracle surges, Acadia Pharma slumps

After-Hours Stock Movers:

Oracle (NYSE: ORCL) stock rose 10% after it reported revenue that matched consensus expectations and a slight beat on EPS last quarter.

Acadia Pharma (NASDAQ: ACAD) declined 15% after announcing top-line results from the Phase 3 ADVANCE-2 trial evaluating pimavanserin for the treatment of negative symptoms of schizophrenia. Pimavanserin did not demonstrate a statistically significant improvement over placebo.

Asana, Inc. (NYSE: ASAN) edged 1% higher after slightly beating EPS and revenue forecasts in the final quarter of 2023.

Vail Resorts (NYSE: MTN) declined 6% after the ski resort owner published disappointing results for its second quarter.

Advance Auto Parts, Inc. (NYSE: AAP) rose 3%, adding to earlier gains, after it confirmed rumors it entered into a cooperation agreement with activist hedge funds Third Point and Saddle Point Management.

by Louis Juricic

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