3D Systems Dips Ahead of Results Report

3D Systems Dips Ahead of Results Report

Today’s top gainers at midday are Cubist Pharmaceuticals Inc (NASDAQ:CBST), Criteo SA (ADR) (NASDAQ:CRTO), Enzon Pharmaceuticals Inc (NASDAQ:ENZN). The losers are 3D Systems Corporation (NYSE:DDD), Global Eagle Acquisition Corp (NASDAQ:ENT) and Coach Inc (NYSE:COH).

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Cubist Pharmaceutical Surprises Analysts, Gets a Boost

Up +10.13% is Cubist Pharmaceuticals Inc (NASDAQ:CBST), a George Soros pick focused on acute care R&D. The company surprised analysts by posting an EPS gain.

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

Second is Tiger Global allocation Criteo SA (ADR) (NASDAQ:CRTO), the stock price of which jumped +10.10% midday. Goldman Sachs has just initiated coverage of the online advertising company, setting a $36.00 target price on the stock.

Enzon takes the third spot on today’s list, its price up +9.09%. The Carl Icahn pick announced the approval of a special dividend just a few days ago.

3D Systems Falls

The biggest loser of the day is 3D Systems Corporation (NYSE:DDD), down -10.19%. The company is announcing results later this afternoon, but investors already seem to expect it to underperform. DDD, a Tiger Global pick, is down -52.41% YTD.

The stock price of Global Eagle Acquisition Corp (NASDAQ:ENT). declined -10.10%. The airline content provider has been hurt by the decision of much-larger-competitor AT&T to launch a similar service. ENT is in the portfolio of George Soros.

Last up is luxury brand Coach Inc (NYSE:COH). Its price dipped -8.73% after sales fell short of expectations and ratings from analysts at Canaccord were lowered. Steve Mandel has a position in COH.

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