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After-Hours Stock Movers 10/12: (ETH) (IVA) (DIS) Higher; (VYGR) (NTGR) (EBAY) Lower (more...)

October 12, 2020 5:21 PM

Today's After-Hours Stock Movers:

Voyager Therapeutics, Inc. (NASDAQ: VYGR) 13.4% LOWER; received feedback from the U.S. Food and Drug Administration (FDA) on the Investigational New Drug (IND) submission for VY-HTT01 for the treatment of Huntington’s disease. Voyager submitted the IND for VY-HTT01 in September 2020 and has been notified that the IND was placed on clinical hold pending the resolution of certain chemistry, manufacturing and controls (CMC) matters. The Company expects to receive specific feedback from the FDA on these matters within 30 days and plans to work closely with the agency to resolve them and promptly begin the clinical evaluation of VY-HTT01.

Ethan Allen Interiors Inc. (NYSE: ETH) 13.1% HIGHER; Consolidated net sales of $151.1 million, versus the consensus of $137.8 million.

Inventiva (Nasdaq: IVA) 9.8% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation to lanifibranor, the Companys lead drug candidate, for the treatment of NASH. Lanifibranor is believed to be the first drug candidate to be granted this status for the treatment of NASH since January 2015.

The Walt Disney Company (NYSE: DIS) 4.5% HIGHER; In light of the tremendous success achieved to date in the Companys's direct-to-consumer business and to further accelerate its DTC strategy, The Walt Disney Company (NYSE: DIS) today announced a strategic reorganization of its media and entertainment businesses. Under the new structure, Disneys world-class creative engines will focus on developing and producing original content for the Companys streaming services, as well as for legacy platforms, while distribution and commercialization activities will be centralized into a single, global Media and Entertainment Distribution organization. The new Media and Entertainment Distribution group will be responsible for all monetization of contentboth distribution and ad salesand will oversee operations of the Companys streaming services. It will also have sole P&L accountability for Disneys media and entertainment businesses.

Diamond Peak Holdings (NASDAQ: DPHC) 3.7% HIGHER; BTIG initiates coverage on with a Buy rating and a price target of $50.00.

Exelon Corp. (NASDAQ: EXC) 3% HIGHER; Said to Work with Advisers to Evaluate Potential Split - Bloomberg

Workhorse Group (NASDAQ: WKHS) 2.6% HIGHER; tomorrow is D-Day for the $8.1B USPS contract. In addition, partner company Diamond Peak Holdings (DPHC) was initiated with a Buy rating and $50 price target after-hours.

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