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).
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.
Schafer Cullen Capital Q4 Letter: Value Stocks Could Be Set For A Recovery As Earnings Grow
Value stocks have outperformed growth investments in the last three months, setting a trend that could be present for the next few years, that's according to Jim Cullen, the Chairman, and CEO of Schafer Cullen Capital Management. Q4 2020 hedge fund letters, conferences and more According to Cullen's latest "Market Letter," a copy of which 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.