The top after-market NASDAQ Stock Market gainers are: Vitacost.com, Gulf Resources, Vical, Clearwire, Copano Energy, and Apple. The top after-market NASDAQ Stock Market losers are: Achillion Pharmaceuticals, Prospect Capital, Leap Wireless International, Iridium Communications, Impax Laboratories, and Adobe Systems.
Vitacost.com, Inc. (VITC) stock grew 7.92 percent to $3.68 in the after-market trading. The company said its common stock resumed trading on the NASDAQ Global Market under VITC ticker effective June 20 at 7:30 am EDT. Previously, the company reported a first quarter adjusted loss of $1.10 million or $0.04 per share, compared to a profit of $2.50 million or $0.09 per share last year. Sales for the first quarter rose to $63.76 million from $57.18 million.
Gulf Resources, Inc. (GFRE) stock grew 6.57 percent to $3.08 in the after-market trading. The company said its subsidiary, Shouguang City Haoyuan Chemical Company Limited, ChemNet and the local government agencies successfully held the Third China Bromine Industry Summit Haoyuan Cup in Daying County, Suining City, Sichuan Province, China on June 16 to 18. China Bromine Industry Summit Haoyuan Cup is an event for bromine industry players to discuss relevant topics, including downstream product developments, industry and supply chain challenges, the current status of the domestic bromine industry, and bromine resources outside of Shandong Province.
Vical Inc. (VICL) stock gained 4.68 percent to $4.25 in the after-market trading.
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Clearwire Corp. (CLWR) stock increased 3.03 percent to $3.74 in the after-market trading.
Copano Energy LLC (CPNO) stock rose 2.80 percent to $33 in the after-market trading.
Apple Inc. (AAPL) stock moved up 0.14 percent to $315.75 in the after-market trading. Deutsche Bank said in a note to clients that there will be two new iPhone stock-keeping units in October and believes Skyworks Solutions (SWKS), which makes so-called front end modules for phones, has lost the Wi-Fi front-end module in both. The brokerage said Skyworks have likely lost all 3G content in the iPhone 5.
Achillion Pharmaceuticals, Inc. (ACHN) stock fell 4.43 percent to $5.82 in the after-market trading. The company said it has commenced an underwritten public offering of an aggregate of 9.0 million common shares. Achillion intends to grant the underwriters a 30-day option to purchase up to an additional 1.35 million common shares to cover overallotments, if any. Offering is being made pursuant to a shelf registration statement that the Company filed with the Securities and Exchange Commission on March 3 and that became effective on April 25. BofA Merrill Lynch and Leerink Swann LLC are acting as joint book-running managers for the Offering.
Prospect Capital Corp. (PSEC) stock slid 3.28 percent to $10.33 in the after-market trading. The company said it offers 10 million shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. Barclays Capital Inc. is acting as sole book-running manager in this offering and Prospect will grant the underwriter a 30-day option to purchase up to 1.5 million additional shares. The securities are being offered by Prospect pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission on March 16.
Leap Wireless International Inc. (LEAP) stock declined 2.45 percent to $15.67 in the after-market trading.
Iridium Communications Inc. (IRDMW) stock decreased 2.34 percent to $2.50 in the after-market trading. The company said it signed an agreement with International Space Company Kosmotras to launch the Iridium NEXT satellites on Kosmotras Dnepr and SpaceX Falcon 9 rockets. Thales Alenia Space is the primary contractor for Iridium NEXT. The Iridium NEXT network of 66 operational communication satellites would also include six in-orbit spares and nine ground spares. Iridium NEXT will replace Iridium's current global communications network. Launches are scheduled to begin in early 2015 and continue through 2017. Thales Alenia Space has assembled an international team of subcontractors, including Boeing, Hughes Network Systems, Lockheed Martin and Orbital Sciences Corp., to develop the network.
Impax Laboratories Inc. (IPXL) stock declined 2.05 percent to $20.03 in the after-market trading.
Adobe Systems Inc. (ADBE) stock decreased 1.65 percent to $30.44 in the after-market trading. The company is set to report its second quarter earnings on Tuesday. The company expects second quarter adjusted earnings of $0.47 to $0.54 per share and revenue of $970 million to $1.02 billion, while Street currently predict profit of $0.51 per share on revenue of $994.78 million.