BioFuel Energy Keeps Momentum Going Following Greenlight Move to Buy

BioFuel Energy Keeps Momentum Going Following Greenlight Move to Buy

BioFuel Energy Corp. (NASDAQ:BIOF), Enzymotec Ltd (NASDAQ:ENZY) and Rovi Corporation (NASDAQ:ROVI) are the top gainers midday this Wednesday. On the losing end are are International Tower Hill Mines Ltd (NYSEMKT:THM), Qunar Cayman Islands Ltd (NASDAQ:QUNR) and Randgold Resources Ltd. (ADR) (NASDAQ:GOLD).

BioFuel Energy Continues to Ride High

Leading off today’s list of midday gainers is BioFuel Energy Corp. (NASDAQ:BIOF), up +11.64%. The David Einhorn and Daniel Loeb pick continues to ride on Greenlight Capital’s purchase offer and is up +247.95% YTD.

Hedge Fund Launches Jump Despite Equity Market Declines

Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More

With an increase of +9.88%, Enzymotec Ltd (NASDAQ:ENZY) takes the second spot on today’s ranking. The company develops and sells ingredients for the nutrition and pharmaceutical industry and is engulfed in a battle with industry peers over patent infringement. Despite today’s jump, shares are still down -10.66% over the past week. ENZY stock is in John Paulson’s portfolio.

Last up is Rovi Corporation (NASDAQ:ROVI), its price surging +8.68%. This is a good piece of news for shareholders Seth Klarman and George Soros.

International Tower Hill Mines Cancels Yesterday’s Jump

International Tower Hill Mines Ltd (NYSEMKT:THM) slipped -4.42%, rendering it today’s biggest midday loser. It jumped +4.64% yesterday and is up +89.02% YTD, so investors, including John Paulson, probably aren’t sweating today’s dip.

Following THM is Qunar Cayman Islands Ltd (NASDAQ:QUNR), down -3.50% after yesterday’s surge. QUNR is a Tiger Global Management allocation.

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) slid -3.18% but is still up +23.28% in 2014.

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