Ending the week on a high note are today’s midday gainers dELiA*s, Inc. (NASDAQ:DLIA), Advanced Micro Devices, Inc. (NYSE:AMD) and Caesars Acquisition Company (NASDAQ:CACQ). On the losing end are FireEye Inc (NASDAQ:FEYE), Qiwi PLC (NASDAQ:QIWI) and SeaWorld Entertainment Inc (NYSE:SEAS).
dELiA*s, Inc. (DLIA)*s Continues to Rally
Up +17.28% is dELiA*s, Inc. (NASDAQ:DLIA), today’s top midday gainer. The retailer has had a good run in recent weeks, its share price up +46.65% this year. That’s good news for Leon Cooperman and Tiger Global.
Hedge fund managers go about finding investment ideas in a variety of different ways. Some target stocks with low multiples, while others look for growth names, and still others combine growth and value when looking for ideas. Some active fund managers use themes to look for ideas, and Owen Fitzpatrick of Aristotle Atlantic Partners is Read More
Advanced Micro Devices, Inc. (NYSE:AMD) increased +6.30%. AMD is one of the largest semiconductor companies in the world and just announced a new platform that should allow it to cut operations costs.
Last up today is Caesars Acquisition Company (NASDAQ:CACQ), the price of which surged +6.01%. Caesars operates casinos and other entertainment venues and is in the portfolios of John Paulson, George Soros and Leon Cooperman. Caesars recently announced that it is acquiring assets from a company within its same group for $2.2 billion in order to expand operations.
FireEye Dips a Bit
Today’s biggest midday loser is FireEye Inc (NASDAQ:FEYE), the price of which dipped -9.15%. The company, a Tiger Global pick, recently priced a secondary offer for its shares at $82.00.
Qiwi PLC (NASDAQ:QIWI) comes in second, down -6.59%. Also a Tiger bet, the company is still being pressured by overall losses of the Moscow Stock Exchange.
Rounding out today’s list is SeaWorld Entertainment Inc (NYSE:SEAS), its price down -6.44%. The company has been facing negative scrutiny from performers and celebrities recently, especially following the release of an unflattering documentary. It also under regulatory pressure to change parts of its operations. SEAS is a Jorge Lemann and Steve Mandel asset.