The market’s top midday gainers this Tuesday are Arrowhead Research Corporation (NASDAQ:ARWR), BioFuel Energy Corp. (NASDAQ:BIOF) and Masco Corporation (NYSE:MAS). The losers are Galectin Therapeutics Inc. (NASDAQ:GALT), Herbalife Ltd. (NYSE:HLF) and Corning Inc. (NYSE:GLW).
Arrowhead Research Corporation, BioFuel Energy Continue to Impress
Arrowhead Research Corporation, a biopharmaceutical company, climbed +11.01% midday today. A new Q1 acquisition for billionaire investor George Soros, its price has risen +6.27% over the past three months and an impressive +249.12% in the last year.
BioFuel Energy Corp. surged +10.87% early in the day today. Up 488.3% since the start of the year, it is one of 2014’s fastest-rising stocks. David Einhorn and Dan Loeb are reaping the benefits of BIOF’s takeoff.
Here are all the ideas presented at the 2020 Robin Hood Investors Conference
As usual, the Robin Hood Investors Conference has brought several new investment ideas from some of the top minds in the wealth management business. Investors heard from Sachem Head's Barnes Hauptfuhrer, One Tusk Investment Partners' Vivian Lau, Lone Pine's Mala Gaonkar, Lakewood Capital's Anthony Bozza, CAS Investment Partners' Clifford Sosin, Teca Capital's Fernando Vigil and Read More
Up +8.58%, Masco Corporation takes the third and final spot on today’s list of midday gainers. The home improvement and building products company announced results yesterday, including a second-quarter profit jump of +78%. Dan Loeb, David Tepper and Ray Dalio have positions in Masco, which is up +8.7% in the last three months.
Herbalife Stumbles Following Results Report
Galectin Therapeutics Inc. plunged -55.14% today, its price nearing its 52-week average of $4.80. The first quarter Soros bet, a drug development company, has declined -43.33% in three months.
Herbalife Ltd. (NYSE:HLF) fell -11.16% midday after missing the mark on its earnings report yesterday. A check in Bill Ackman’s win column, perhaps? Carl Icahn and George Soros continue to hold onto the nutrition company, with 17 million and 4.9 million HLF shares, respectively, as of Q1.
Taking the third and final spot on today’s list of midday losers is Corning Inc., down -9.8%. The company fell short of analysts’ earnings expectations for the second quarter, due in large part to lower demand for its Gorilla Glass. Ray Dalio has 74,000 Corning assets, the price of which, despite today’s dip, is up +11.78% year-to-date.