Twitter Tumbles Midday as More Shares Hit the Market

Twitter

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).

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.

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.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

iBillionaire
iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

Be the first to comment on "Twitter Tumbles Midday as More Shares Hit the Market"

Leave a comment

Your email address will not be published.