B/E Aerospace Surges as News Breaks That It’s Looking to Sell

B/E Aerospace

This Monday’s top gainers midday are B/E Aerospace Inc (NASDAQ:BEAV), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) and BioDelivery Sciences International, Inc. (NASDAQ:BDSI). The losers are Realogy Holdings Corp (NYSE:RLGY), BioFuel Energy Corp. (NASDAQ:BIOF) and KBR, Inc. (NYSE:KBR).

B/E Aerospace Sale Causes Surge

Today’s top gainer is B/E Aerospace Inc (NASDAQ:BEAV), up +11.38% after news broke that the company is looking to sell. Daniel Loeb, Steve Mandel and Ray Dalio have positions in the firm.

The price of oncology medicines provider Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) surged +4.98% following a ratings upgrade from Jeffries. George Soros has a position in this one.

Tiger Global pick BioDelivery Sciences International, Inc. (NASDAQ:BDSI) takes the last spot on today’s list of midday gainers. Its price increased +4.38%.

Realogy Results Disappoint

The share price of real estate investment holding Realogy Holdings Corp (NYSE:RLGY) slipped -14.26% midday. In the investment portfolios of Steve Mandel, John Paulson, Leon Cooperman and Jorge Lemann, RLGY posted worse-than-expected EPS losses today.

After jumping +9.60% on Friday, BioFuel Energy Corp. (NASDAQ:BIOF) fell -5.58% today. The David Einhorn and Daniel Loeb pick is still up a staggering +335.09% YTD.

KBR, Inc. (NYSE:KBR) posted a -4.64% loss following disappointing results. A David Tepper pick, the company announced today that it is restating its financial numbers for 2013, posting higher-than-anticipated costs on its operations.

 

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