Today’s midday gainers are Kindred Biosciences Inc (NASDAQ:KIN), Bitauto Hldg Ltd (ADR) (NYSE:BITA) and Zulily Inc (NASDAQ:ZU). The midday losers are The Medicines Company (NASDAQ:MDCO), BioFuel Energy Corp. (NASDAQ:BIOF) and McDermott International (NYSE:MDR).
Kindred Biosciences Surges
This Tuesday’s top gainer is Kindred Biosciences Inc (NASDAQ:KIN), up +13.38%. The company is signing an alliance with X-Body Biosciences for new drugs. Kindred is part of the portfolios of Seth Klarman and Farallon Capital.
Q2 2022 hedge fund letters database is now up. See what stocks top hedge funds are selling, what they are buying, what positions they are hiring for, what their investment process is, their returns and much more! This page is updated frequently, VERY FREQUENTLY, daily, or sometimes multiple times a day. As we get new Read More
Second is Bitauto Hldg Ltd (ADR) (NYSE:BITA), a Chinese provider of marketing and internet content. The stock surged +10.60% following the release of its financial results for 2013. Both Tiger Global and George Soros hold BITA shares.
Last is Zulily Inc (NASDAQ:ZU), up +10.26%. Another Tiger Global allocation, ZU is recovering from yesterday’s slump.
The Medicines Company Continues to Slide
The top loser midday today is The Medicines Company (NASDAQ:MDCO). The George Soros bet dipped -15.20 after receiving a downgrade in its rating. Shares of MDCO have racked up a -37.61% YTD loss.
BioFuel Energy Corp. (NASDAQ:BIOF) dipped -9.32% today. The David Einhorn and Daniel Loeb pick is merely correcting yesterday’s incredible +132.48% jump.
Third is McDermott International (NYSE:MDR), down -8.31%. Another Einhorn pick, McDermott operates in engineering and construction projects worldwide. The company announced today that it would be offering equity units to the market in a program valued at up to $300 million.