After-Hours Stock Movers

Wave Life Sciences Ltd. (Nasdaq: WVE) 24.6% LOWER; commenced an underwritten public offering of its ordinary shares. In connection with the offering, Wave intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of ordinary shares sold in the public offering on the same terms and conditions. All of the shares in the offering will be sold by Wave Life Sciences.

Stitch Fix (NASDAQ: SFIX) 16.5% LOWER; reported Q4 EPS of ($0.44), $0.28 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $443.4 million versus the consensus estimate of $414.31 million.

Aurora Cannabis (NYSE: ACB) 16% LOWER; reported Q4 revenue of Cdn$72.1 million, a 5% decrease from the prior quarter.

Nike (NYSE: NKE) 8.7% HIGHER; reported Q1 EPS of $0.95, $0.49 better than the analyst estimate of $0.46. Revenue for the quarter came in at $10.6 billion versus the consensus estimate of $9.12 billion. Inventory rose 15 percent versus prior year but decreased 9 percent versus prior quarter.

Zogenix, Inc. (Nasdaq: ZGNX) 8.4% LOWER; announced its intention to offer, subject to market and other conditions, $200,000,000 aggregate principal amount of convertible senior notes due 2027 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Zogenix also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $30,000,000 principal amount of notes.

Steelcase (NYSE: SCS) 7.2% LOWER; reported Q2 EPS of $0.55, $0.18 better than the analyst estimate of $0.37. Revenue for the quarter came in at $818.8 million versus the consensus estimate of $782.6 million. Steelcase sees Q3 2021 EPS of $0.12-$0.18, versus the consensus of $0.18. Steelcase sees Q3 2021 revenue of $690-725 million, versus the consensus of $703.9 million.

Tesla (NASDAQ: TSLA) 4% HIGHER; sees gains amid battery day.

Neoleukin Therapeutics (NASDAQ: NLTX) 3.5% HIGHER; Baird initiates coverage on with an Outperform rating and a price target of $25.00.

Foot Locker (NYSE: FL) 2.9% HIGHER; gains on Nike's blow-out quarter.

Western Digital Corp. (Nasdaq: WDC) 2.6% HIGHER; announced a significant step in the ongoing implementation of its diversified storage portfolio strategy by forming separate product business units for its Flash and HDD technology assets. The Flash business and the HDD business will each be led by a general manager and will align the company’s diversified portfolio to an acceleration strategy designed for growth, profitability and development agility. By delivering both Flash and HDD market-leading innovation through highly focused product development organizations, Western Digital’s strategy positions the company to leverage its strong go-to-market and operational synergies and uniquely address broad customer storage needs from edge devices to cloud infrastructure.

lululemon athletica (NASDAQ: LULU) 2.4% HIGHER; to restart its previously authorized stock repurchase program

Dick's (NYSE: DKS) 1.6% HIGHER; gains on Nike's blow-out quarter.