Allied Nevada Surges as Angie’s List Continues to Slide

Allied Nevada Surges as Angie’s List Continues to Slide

Allied Nevada Gold Corp. (NYSEMKT:ANV), Coty Inc (NYSE:COTY) and Extreme Networks, Inc (NASDAQ:EXTR) are today’s midday gainers. The losers are GNC Holdings Inc (NYSE:GNC), Agilent Technologies Inc. (NYSE:A) and Angie’s List Inc (NASDAQ:ANGI).

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Allied Nevada Gold Closes Out Strong

First on our Friday list of midday gainers is Allied Nevada Gold Corp. (NYSEMKT:ANV), which surged +9.63% today and +17.92% this week. The Canadian gold and silver producer is up on recent developments, including news that it is divesting from two different mining properties for a total of $30M. With 1.5 million shares, Allied Nevada comprises 0.04% of John Paulson’s portfolio.

London Value Investor Conference 2022: Chris Hohn On Making Money And Saving The World

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

Coming in second in this midday ranking is Coty Inc (NYSE:COTY), up +7.62%. Today, the company announced that it would buy back $200 million Class A shares. Overall, it seems to be unfazed by some pretty poor financial results, revealing losses on several fronts. One bright spot: growth in emerging markets like South Africa and Brazil, which will lead to some changes later down the line. Both George Soros and Jorge Lemann have positions in Coty.

Last up is Extreme Networks, Inc (NASDAQ:EXTR), which increased +7.42%. News broke today of the hiring of R&D vet Erick Broockman as the company’s new VP and CTO, the hope being that his experience will help to freshen up its product catalog. Soros holds 2.26 million shares (0.13% of his fund).

GNC Dips on EPS Misses

On the negative side is health and wellness products retailer GNC Holdings Inc (NYSE:GNC), down -12.24%. It reported adjusted EPS of $0.63 on $613.7 million in revenues, which was marginally off of estimates. Guidance for full year EPS has been cut as well. Jorge Lemann has a 3.27% stake in the company.

Down -6.66%, Agilent Technologies Inc. (NYSE:A) takes the second spot on today’s list. The analytics firm cut its EPS guidance for Q2 to $0.71-0.73% on revenues of $1.72-1.74 billion (as opposed to $0.81 on $1.77 billion).

Taking the third spot is Angie’s List Inc (NASDAQ:ANGI), which dipped -5.96%. Its second consecutive appearance on our list of midday losers, the company has investors worried and has declined -14.54% in the past week.

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