Today’s top gainers at midday are Cubist Pharmaceuticals Inc (NASDAQ:CBST), Criteo SA (ADR) (NASDAQ:CRTO), Enzon Pharmaceuticals Inc (NASDAQ:ENZN). The losers are 3D Systems Corporation (NYSE:DDD), Global Eagle Acquisition Corp (NASDAQ:ENT) and Coach Inc (NYSE:COH).
Cubist Pharmaceutical Surprises Analysts, Gets a Boost
Second is Tiger Global allocation Criteo SA (ADR) (NASDAQ:CRTO), the stock price of which jumped +10.10% midday. Goldman Sachs has just initiated coverage of the online advertising company, setting a $36.00 target price on the stock.
3D Systems Falls
The biggest loser of the day is 3D Systems Corporation (NYSE:DDD), down -10.19%. The company is announcing results later this afternoon, but investors already seem to expect it to underperform. DDD, a Tiger Global pick, is down -52.41% YTD.
The stock price of Global Eagle Acquisition Corp (NASDAQ:ENT). declined -10.10%. The airline content provider has been hurt by the decision of much-larger-competitor AT&T to launch a similar service. ENT is in the portfolio of George Soros.