Allied Nevada Gold Dips as Investors Reap Rally Rewards

Allied Nevada Gold Dips as Investors Reap Rally Rewards

Today’s midday gainers are Zulily Inc (NASDAQ:ZU), Kindred Biosciences Inc (NASDAQ:KIN) and Groupon Inc (NASDAQ:GRPN). The losers: Lumos Networks Corp (NASDAQ:LMOS), Apollo Investment Corp. (NASDAQ:AINV) and Allied Nevada Gold Corp. (NYSEMKT:ANV).

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Flash Sales Site Zulily Has a Flash Surge

The top gainer at midday this Tuesday is flash sales site Zulily Inc (NASDAQ:ZU), up an impressive +40.99%. The company reported a Q4 non-GAAP EPS of $0.10 after close on Monday, up from $0.03 a year ago and significantly above the expected $0.04. Tiger Global holds a stake in the company.

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business activist 1653311320Chris Hohn the founder and manager of TCI Fund Management was the star speaker at this year's London Value Investor Conference, which took place on May 19th. The investor has earned himself a reputation for being one of the world's most successful hedge fund managers over the past few decades. TCI, which stands for The Read More

At a distant second is Kindred Biosciences Inc (NASDAQ:KIN), the price of which increased +11.64%, continuing its post-IPO rally. Both Seth Klarman and Thomas Steyer have positions in Kindred, a clinical-stage biopharmaceutical company focused on products for pets. KIN is up +102.01% YTD.

Rounding out today’s list is Groupon Inc (NASDAQ:GRPN). The daily deals platform surged +8.62% midday today, its investors breathing a sigh of relief. GRPN, also a Tiger Global pick, is down -28.69% this year.

Allied Nevada Gold Slips a Bit

The biggest loser midday today is Lumos Networks Corp (NASDAQ:LMOS), down -10.22%. A provider fiber-based network services in the Mid-Atlantic region, LMOS reported Q4 2013 and full-year results that failed to impress the market as several of its business units declined. George Soros has a small 0.12% allocation in Lumos.

Sliding -6.99%, Apollo Investment Corp. (NASDAQ:AINV) dipped today as well. A business development company that invests in middle-market firms, this Leon Cooperman pick announced a public offering of common stock today. This means more stock on the market in more hands, the dilution of current shares, and a need for more cash. The Street recently downgraded its stock rating on cash flow from operations issues.

John Paulson bet Allied Nevada Gold Corp. (NYSEMKT:ANV) (TSE:ANV) comes in last on today’s list of losers, its price falling -6.38%. The company has had an impressive run so far in 2014, up +59.68% YTD, so today’s dip is likely a result of investors grabbing some profits.

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