Off to a strong start this week are today’s top midday gainers: Sarepta Therapeutics Inc (NASDAQ:SRPT), Advanced Micro Devices, Inc. (NYSE:AMD) and Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS). On the losng end are Atlas Energy LP (NYSE:ATLS), Allied Nevada Gold Corp. (NYSEMKT:ANV) and International Tower Hill Mines Ltd (NYSEMKT:THM).
FDA Decision Spurs Sarepta Rally
Today’s top gainer is Sarepta Therapeutics Inc (NASDAQ:SRPT). The George Soros biopharmaceutical pick jumped a staggering +49.34% after the announcement that the FDA has accepted a new drug application for one of its most controversial products.
Q4 Letter: Hawk Ridge Generated Alpha On Both The Longs And Shorts [In-Depth]
Hawk Ridge was up 19.4% net for 2020, compared to the Russell 2000's 19.9% return and the HFRI Equity Hedge Total Index's 17.4% gain. The fund had ones of its best years ever in terms of alpha generation as it generated almost 12% compared to a beta-adjusted Russell 2000. Hawk Ridge generated strong alpha on Read More
At a very distant second is Advanced Micro Devices, Inc. (NYSE:AMD), up +11.11%. The company reported late last week that its first-quarter loss had narrowed on stronger sales data. Tiger Global Management currently has a stake in AMD.
Edward Lampert’s Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) jumped +6.40% midday this Monday. Sears remains down -7.47% YTD.
Atlas Energy Takes a Dive
Today’s biggest loser midday is Atlas Energy LP (NYSE:ATLS), its price slipping -7.77%. ATLS shares surged +4.62% last week but have still declined -14.60% this year. Leon Cooperman has a stake in the firm.
Mining company Allied Nevada Gold Corp. (NYSEMKT:ANV) posted a -6.33% loss. The John Paulson gold explorer is being dragged down by investigations into its accounting practices.
Another Paulson pick, International Tower Hill Mines Ltd (NYSEMKT:THM), takes the third spot on today’s list of losers, its price falling -6.19%. Since last Monday, it has declined -19.25%. However, it’s up +55.59% for the year.