Hertz Global Holdings, Inc. (HTZ) Tanks As Accounting Troubles Mount

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Hertz Global Holdings, Inc. (HTZ) Tanks As Accounting Troubles Mount

Ending the week on a high note are today’s top midday gainers on Wall Street, Angie’s List Inc (NASDAQ:ANGI), GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) and Criteo SA (ADR) (NASDAQ:CRTO). This Friday’s midday losers are Hertz Global Holdings, Inc. (NYSE:HTZ), Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) and Tasman Metals Ltd (NYSEMKT:TAS).

Upgrade Leads Angie’s List to Soar

Angie’s List Inc (NASDAQ:ANGI) surged +8.91% midday this Friday thanks to Bank of America Corp (NYSE:BAC)’s upgrade of the local services review site from neutral to buy. Billionaire investor George Soros has held a position in the company across several quarters, though he has scaled down his allocation in the previous two.

Corsair Capital Adds 17.5% In 2021, Notes “Change In Leadership” In Markets

According to a recent interview, Corsair Capital's founder Jay Petschek did not plan to be a hedge fund manager. After holding various roles on Wall Street, Petschek decided to launch the fund in January 1991, when his family and friends were asking him to buy equities on their behalf. He realized the best structure for Read More

Up +8.08%, GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) takes the second spot on today’s list of gainers. The company announced this morning that the FDA has granted fast track designation to its investigational cannabidiol product in the treatment of Dravet syndrome. Thomas Steyer initiated a position in the company in the second quarter of 2013 and increased his allocation as recently as Q1 2014.

Web advertising service provider Criteo SA (ADR) (NASDAQ:CRTO) jumped +6.33%. Earlier in the week, the company announced the rollout of major technical enhancements to its proprietary prediction and recommendation engine. Hedge fund Tiger Global has maintained a 40,000-share position in Criteo across two quarters.

Accounting Issues Put Hertz in the Gutter

Topping off today’s list of losers midday is Hertz Global Holdings, Inc. (NYSE:HTZ), the share price of which fell -9.46%. The explanation: possible errors in its results reports dating back to 2011. With six million HTZ assets, billionaire investor Daniel Loeb may be nervous about how this one turns out.

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) dipped -8.71% today following its results report, missing the mark on income, sales and earnings per share. Edward Lampert owns nearly six million SHOS shares.

Tasman Metals Ltd (NYSEMKT:TAS) dropped -8.29%. The George Soros pick has had a fair year, down just -2.08% in 2014. However, its share price has tanked -32.36% in the past month.

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