Twitter Tumbles Midday as More Shares Hit the Market

Twitter Tumbles Midday as More Shares Hit the Market

Today’s top midday gainers are Dex Media Inc (NASDAQ:DXM), Tableau Software Inc (NYSE:DATA) and Hillshire Brands Co (NYSE:HSH). The losers are Twitter Inc (NYSE:TWTR), RetailMeNot Inc (NASDAQ:SALE) and Towers Watson & Co (NYSE:TW).

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Dex Media Surges

Today’s top gainer is Dex Media Inc (NASDAQ:DXM), posting an outstanding +25.88% jump. The John Paulson pick recently released its results for Q1 2014.

ValueWalk’s July 2022 Hedge Fund Update: Tiger Cub Hedge Fund Shuts Down

investWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More

Analytics software provider Tableau Software Inc (NYSE:DATA) surged +4.72%. In the portfolios of both Tiger Global and George Soros, Tableau also posted better-than-expected results, narrowing losses from the previous quarter.

Another Soros choice is third – food manufacturer Hillshire Brands Co (NYSE:HSH), up +4.70%. The company beat earnings expectations after today’s results release.

Twitter Tumbles

Tumbling -11.92% is Twitter Inc (NYSE:TWTR), today’s biggest loser midday. Almost 500 million shares went into the market today following the expiration of insiders’ sales restrictions last night. Tiger Global currently has a position in TWTR.

RetailMeNot Inc (NASDAQ:SALE) is second, down -7.38%. This is a Soros choice as well.

Posting just a 1% rise in revenue last quarter, Towers Watson & Co (NYSE:TW) lost -6.23%. Steve Mandel has a position in the firm.

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