After-Hours Stock Movers:
Genetron Holdings Ltd (NASDAQ:) 15% HIGHER; entered into a definitive Agreement and Plan of Merger (with New Genetron Holding Limited) in a transaction implying an equity value of the Company of approximately US$126.0 million.
Neogen Corp (NASDAQ:) 4% HIGHER; CFO buys $150,000 in stock.
Victoria’s Secret & Co (NYSE:) 2% HIGHER; reaffirming previous guidance for full year 2023 which forecasts net sales to decrease in the low-single digit range compared to last year and the adjusted operating income rate to be in the range of 5% to 6% of net sales.
Dynatrace Inc. (NYSE:) 2% HIGHER; DA Davidson upgraded from Neutral to Buy.
Microsoft (NASDAQ:) 1% LOWER; said the IRS claims it owes $28.9 billion in back taxes, plus penalties and interest.