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.
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator 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.