After-Hours Stock Movers:
The Arena Group Holdings Inc (NYSE:AREN) 23% HIGHER; signed a binding letter of intent with Simplify Inventions, LLC and its founder, Manoj Bhargava, founder of 5-hour ENERGY, to acquire certain assets of its subsidiary Bridge Media Networks. Simplify Inventions to invest $50 million in cash, contribute its Bridge Media Network business and certain other assets and commit to a guaranteed advertising commitment of $60M.
Getty Images Holdings Inc (NYSE:GETY) 15% LOWER; reported Q2 EPS of ($0.01), $0.05 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $225.7M versus the consensus estimate of $236.26M.
LL Flooring Holdings Inc (NYSE:LL) 14% HIGHER; announced that its Board of Directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a potential transaction with the Company.
Discover Financial Services (NYSE:DFS) 4% LOWER; announced that the Discover Board of Directors and Roger Hochschild have agreed that Hochschild will step down as Chief Executive Officer and President and as a member of the Board. Hochschild will serve in an advisory role at the Company through the end of the year to ensure a smooth transition. John Owen, a member of the Board, has been appointed Interim CEO and President. These changes are effective immediately.
DR Horton Inc (NYSE:DHI) 2% HIGHER; Warren Buffett's Berkshire Hathaway (NYSE:BRKa) disclosed a new stake.
Lennar Corp. (NYSE:LEN) 2% HIGHER; Warren Buffett's Berkshire Hathaway disclosed a new stake.
NVR, Inc. (NYSE:NVR) 1% HIGHER; Warren Buffett's Berkshire Hathaway disclosed a new stake.