BioFuel Energy Corp. (NASDAQ:BIOF), CytRx Corporation (NASDAQ:CYTR) and YuMe Inc (NYSE:YUME) are this Friday’s top midday gainers. Ending the week on a sour note are today’s midday losers – Advanced Micro Devices, Inc. (NYSE:AMD), iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) and Teekay LNG Partners L.P. (NYSE:TGP).
BioFuel Energy Surges
BioFuel Energy Corp. (NASDAQ:BIOF) hit noon up +11.99% for the day. It’s been a big week for the energy firm following confirmation Wednesday that Greenlight Capital will fully participate in an upcoming rights offering for it. The price of BIOF has climbed +26.65% over the past five days.
Carlson Capital's Double Black Diamond fund added 1.47% net of fees in May, taking its year-to-date performance to 5.2%, according to a copy of the fund's letter, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more Founded in 1993 by Clint Carlson, Carlson Capital has struggled to retain assets Read More
CytRx Corporation (NASDAQ:CYTR) climbed +7.76% midday today. A new Q1 acquisition for George Soros, CytRx is a biopharmaceutical research and development company that specializes in oncology. It has had a rough go in 2014, its price falling -43.83% YTD.
Last on today’s list of midday losers is YuMe Inc (NYSE:YUME), up +7.07%. The video advertising company is likely feeling the effects TubeMogul’s IPO, though it’s been a difficult year for ad tech stocks overall. YuMe, another Soros holding, is down -15.03% year-to-date.
Advanced Micron Devices Inc. Dives Following Results Release
Advanced Micro Devices, Inc. (NYSE:AMD) posted a loss of -17.94% midday today. Yesterday, the company reported financial results, missing the mark on earnings expectations and failing to impress investors even with the narrowing of its second-quarter loss. Julian Robertson holds 315,000 shares of AMD.
iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) slipped -6.31% today – this Barron’s piece provides some interesting insights as to why. The exchange-rated note is a first quarter buy for George Soros, who purchased 450,000 VXX shares.
Teekay LNG Partners L.P. (NYSE:TGP) takes the third and final spot on this Friday’s list of midday losers, its price falling -5.43%. The long-time Leon Cooperman holding announced the pricing of a 2.8 million common unit spot secondary offering on Thursday. Despite today’s dip, TGP’s price is up +4% in 2014.