After-Hours Stock Movers:
Snowflake (NYSE:SNOW) climbed 1% after RBC Capital initiated coverage on the stock with an ‘outperform’ rating and a price target of $230.
Costco Wholesale (Nasdaq: NASDAQ:COST) shares climbed 1.25% after it reported net sales of $26.15 billion for the retail month of December, an increase of 9.9% from last year.
Applied Therapeutics (Nasdaq: NASDAQ:APLT) declined 23% after it announced the topline results of the ARISE-HF Phase 3 trial of AT-001 (caficrestat) in patients with Diabetic Cardiomyopathy at high risk of progression to overt heart failure. While a trend favored active treatment, the difference between active and placebo treated groups was not statistically significant.
Marathon Digital Holdings (NASDAQ:MARA) climbed 0.8%, adding to today’s gain. The miner of digital assets climbed 12% intraday on strength in Bitcoin, amid ongoing rumors of SEC approval of spot Bitcoin ETFs.
Marvell Technology (NASDAQ:MRVL) climbed 1%. The stock gained late in the session following constructive comments from its CEO, Matt Murphy, during a fireside chat with J.P. Morgan.
Voyager Therapeutics, Inc. (Nasdaq: NASDAQ:VYGR) declined 14% after it announced that it has commenced an underwritten public offering of $100 million of shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof).
QuantumScape (QS) climbed 3%, adding to earlier gains after positive comments from Volkswagen regarding a solid-state battery prototype. Shares were up 43% intraday.
Catalyst Pharmaceuticals (Nasdaq: CPRX) declined 6% after it commenced an underwritten public offering of $150 million of its common stock.
By Louis Juricic