Today’s midday gainers are dELiA*s, Inc. (NASDAQ:DLIA), International Tower Hill Mines Ltd (NYSEMKT:THM) and Sarepta Therapeutics Inc (NASDAQSRPT), and the losers are SouFun Holdings Ltd (NYSE:SFUN), J.C. Penney Company, Inc. (NYSE:JCP) and Sears Holdings Corp (NASDAQ:SHLD).
dELIA*s Rebounds Big
Up a whopping +25.67%, dELiA*s, Inc. (NASDAQ:DLIA) is today’s top midday gainer – a nice rebound considering the company was down -13% YTD as of Friday. Today’s rally comes after DLIA shares recovered in post-trading activity and also of a reflection of what some perceive as a better overall outlook for the retailer. Both Leon Cooperman and Chase Coleman hold dELIA*s assets.
Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More
Also having a nice start to the week is International Tower Hill Mines Ltd (NYSEMKT:THM), which surged +8.38% today and is up +62.98% for the year. John Paulson holds a stake in THM.
Rounding out our list of midday gainers this Monday is Sarepta Therapeutics Inc (NASDAQ:SRPT), up +8.31%. The George Soros bet has been rallying recently and is has increased +48.21% YTD.
J.C. Penney Slides Ahead of Earnings Announcement
Today’s biggest midday loser is SouFun Holdings Ltd (NYSE:SFUN), down -7.59%. The China-based online real estate portal is suffering the consequences of rising concerns about the Chinese housing market, including slowdowns in lending and prices. Richard Chilton and Coleman have positions in Soufun.
Second is J.C. Penney Company, Inc. (NYSE:JCP), the stock price of which fell -7% today and has slipped -42.67% this year. Investors are bailing on the company just two days before its earnings report, which are expected to post losses across the board. Soros holds a 1.08% stake in J.C. Penney.
Following J.C. Penney is fellow retail behemoth Sears Holdings Corp (NASDAQ:SHLD), down -5.81% today and -20.66% YTD. Bruce Berkowitz has a 10.77% of his fund allocated in the company, and Edward Lampert, Sears’ CEO, has over half of portfolio in SHLD.