Rumors of a potential acquisition deal between Trulia Inc. (NYSE:TRLA) and Zillow Inc. (NASDAQ:Z) sent both stocks surging today. Datawatch Corporation (NASDAQ:DWCH) had a good day on the market as well. Having an extremely tough day is Liberty Media Corporation (NASDAQ:LMCA), the price of which plunged -65.37% – the result of the int Angie’s List Inc. (NASDAQ:ANGI) and Clearfield Inc. (NASDAQ:CLFD) posted major losses this Thursday as well.
Trulia, Zillow Surge on Deal Rumors
Trulia is the biggest gainer of the day, climbing +32.43% after news emerged that competitor Zillow may be on the market to buy it. Zillow got a boost as well, its price jumping +15.25%. Should the deal go through, it would be a homerun for Chase Coleman’s Tiger Global. The fund picked up 1.7 million TRLA shares and 4.7 million Z assets during the first quarter of this year.
Also having a strong Thursday is Datawatch Corporation. Its price increased +14.51% following yesterday’s announcement of its fiscal third-quarter results. Billionaire investor George Soros purchased 16,000 DWCH shares during the first quarter of 2014. While the company’s price is down -59.86% YTD, it is up a slight +1.47% over the past three months.
Angie’s List Dives on Results
Liberty Media Corporation plunged -65.37% today after approving a three-fold increase in the conversion rate for its cash convertible senior notes due in 2023. Warren Buffett and Ray Dalio have positions in the media and communications company, and Tiger Global is in the mix as well.
Angie’s List dipped -19.27%, putting its year-to-date losses at -45.81%. A number of analysts issued downgrades on the stock recently, and the company’s most recent results report fell short of expectations by a wide margin. George Soros has had a position in ANGI since the third quarter of 2012 but cut back significantly in the first quarter of this year.
Clearfield Inc., another Soros pick, fell -16.51% today after reporting fiscal third-quarter results. Its price has declined -33.79% in 2014.