By Kathryn Hardison
Moderna Inc. said Tuesday that its respiratory syncytial virus vaccine significantly reduced the risk of a viral respiratory disease among older adults in a large clinical trial. Shares increased 5.6% in after-hours trading.
SmileDirectClub Inc. said it will realign its operating programs and global workforce as it targets costs. The strategy should result in an additional $120 million to $140 million in savings this year, excluding transition costs, the oral care company said. Shares gained 13% in after-hours trading.
Big 5 Sporting Goods Corp. reported fourth-quarter sales near the low end of its prior guidance as inflation curbed holiday discretionary spending. Shares declined 7.7% in after-hours trading.
Arcimoto Inc. plans a stock offering and intends to use proceeds for working capital and other general corporate purposes. Shares dropped 32% in after-hours trading.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
01-17-23 1901ET