Burlington Stores Get a Boost off of Earnings Report

Burlington Stores Get a Boost off of Earnings Report

Starting out this Thursday strong are midday gainers are Burlington Stores Inc (NYSE:BURL), BioFuel Energy Corp. (NASDAQ:BIOF) and Ciena Corporation (NYSE:CIEN). The losers are ExOne Co (NASDAQ:XONE), Criteo SA (ADR) (NASDAQ:CRTO) and Unwired Planet Inc (NASDAQ:UPIP).

Burlington Surges Despite Missing the Mark on Revenues

Today’s top gainer is Burlington Stores Inc (NYSE:BURL), up +14.4%. The off-price retailer of branded apparel has announced better-than-expected adjusted earnings, albeit revenue-damaging higher costs. Despite today’s jump, BURL is down -7.41% for 2014. It is in the portfolios of Richard Chilton and Tiger Global.

Ray Dalio At Robin Hood 2021: The Market Is Not In A Bubble

Fractional Shares Stock PickerAt this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More

Following Burlington is BioFuel Energy Corp. (NASDAQ:BIOF), the price of which surged +6.29%. BIOF shares are up +105.26% YTD and have already gained +20.62% this month, with results set to be reported on the 31st.Both  David Einhorn and Daniel Loeb have minor stakes.

Third up today is Ciena Corporation (NYSE:CIEN). The price of the communications networking equipment provider increased +4.69%. George Soros has a position in Ciena.

Tiger Global Picks Dip

Today’s biggest loser midday is ExOne Co (NASDAQ:XONE), which dipped -8.77%. The 3D printer manufacturer posted a drop in revenues due to mixed results in sales and fell short of analysts’ expectations. Tiger Global is among ExOne’s investors.

Second is Criteo SA (ADR) (NASDAQ:CRTO), also a Tiger Global pick. The online display advertising company slipped -5.56%. It announced a public offering of shares on March 17th, its share price having fallen -11.37% since then.

Rounding out our ranking of midday losers is Unwired Planet Inc (NASDAQ:UPIP), down -5.07%. Soros is a shareholder here.

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