Nokia OYJ (NOK unch) was upgraded to 'Buy' from 'Hold' at Canaccord Genuity with a price target of $7. Weibo (WB +2.10%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Aegerion Pharmaceuticals (AEGR +33.53%) dropped over 13% in after-hours trading after it lowered guidance on full-year sales to $130 million-$150 million from a prior view of $160 million-$190 million, below consensus of $174.8 million.
Community Health Systems (CYH +2.00%) climbed nearly 4% in after-hours trading after Greenlight Capital Holdings reported a new stake in the company in Q1.
Meritage Homes (MTH +0.77%) gained over 2% in after-hours trading after it said it sees Q2 EPS of 78 cents-85 cents, higher than consensus of 78 cents.
Vipshop Holdings Ltd. (VIPS -1.05%) slumped nearly 10% in after-hours trading after it said its sees Q2 revenue of 12.3 billion yuan-12.8 billion yuan, below consensus of 12.81 billion yuan.
Andersons Inc. (ANDE -2.22%) surged nearly 20% in after-hours trading after HC2 Holdings offered to acquire the company for $37 a share, well above Tuesday's closing price of $25.94
MGT Capital Investments (MGT) continues to spike after John McAfee took over the company as CEO. MGT will face heavy resistance between $6-$7 if it rallies that high.
American Eagle (AEO) reported above-consensus results for its first quarter and issued in line earnings per share guidance for the second quarter. Urban Outfitters (URBN) also reported better than expected first quarter results.
Meanwhile, L Brands (LB) reported first quarter bottom line results that beat estimates but its revenues missed expectations. The company also trimmed its earnings forecast for the year and warned of a decline in sales.
Small Cap Bull 3x (TNA) surged back up into the $59's on Tuesday. Continue to expect big moves in 2016 and beyond. TNA remains the best trading stock in the market right now.