Market Overview

Netflix, Panera Bread Lead Wednesday's After-Hours Movers


Netflix, Inc. (NASDAQ: NFLX) rose nearly 12 percent in late trading Wednesday to $531.50, despite missing earnings expectations for the first quarter.

Panera Bread Co (NASDAQ: PNRA) shares climbed nearly 7 percent to $175 after the bell when the company boosted its buyback plan and said it will sell and re-franchise 73 company-owned cafes.

Synta Pharmaceuticals Corp. (NASDAQ: SNTA) rose 4 percent in the extended session to $3.02. The shares closed up more than 10 percent Wednesday on no obvious catalysts.

TCP International Holdings Ltd (NYSE: TCPI) picked up nearly 5 percent after hours Wednesday to $3.19. The lighting products company closed up nearly 12 percent. But the shares are off about 30 percent since February when its chief counsel alleged that managers overrode or disregarded various internal policies.

Related Link: Netflix Earnings Live Blog: Q1 Conference Call

Aduro BioTech Inc (NASDAQ: ADRO) extended its earlier gains, rising more than 3 percent in the late session Wednesday to $43.49. The shares are up 158 percent since the launch of an initial public offering on Tuesday at $17 a share.

Pernix Therapeutics Holdings Inc (NASDAQ: PTX) fell nearly 10 percent after hours to $8.98 a share when the company offered disappointing sales guidance.

Capital Product Partners L.P. (NASDAQ: CPLP) lost more than 6 percent to $9.32 a share in the extended session. The company announced an offering of 12.8 million units with proceeds earmarked for debt repayment.

SanDisk Corporation (NASDAQ: SNDK) dropped nearly 6 percent after the bell, changing hands at $66.75, when the company missed earnings expectations.

Three energy companies were each off roughly 7 percent in late trading Wednesday with no obvious catalyst: Parker Drilling Company (NYSE: PKD), Bonanza Creek Energy Inc (NYSE: BCEI) and C&J Energy Services Ltd (NYSE: CJES). Each had closed up earlier with significant gains.

Posted-In: News After-Hours Center Movers


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Benzinga's M&A Chatter for Wednesday April 15, 2015

Panera Bread To Borrow $500 Million For Buyback, Held Talks With Activist