QuickLogic, FEI Company Dip After Missing the Mark on Results

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QuickLogic, FEI Company Dip After Missing the Mark on Results

iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX), New Media Investment Group Inc (NYSE:NEWM), BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) are the day’s top gainers midday. The losers are Town Sports International Holdings, Inc. (NASDAQ:CLUB), QuickLogic Corporation (NASDAQ:QUIK), FEI Company (NASDAQ:FEIC).

QuickLogic

VXX Climbs

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The iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) jumped +6.81% today. VXX provides investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the S&P 500 Short-Term VIX Futures TR Index. Billionaire investor George Soros picked up a 450,000-share position in VXX during Q1.

New Media Investment Group Inc (NYSE:NEWM) climbed +5.92% after reporting earnings early this morning, including an EPS of $0.25 for the quarter, beating analysts’ consensus of $0.05. Leon Cooperman purchased 3.9 million NEWM shares during the first quarter of the year in a bet that seems to have paid off, as the company has climbed over +40% YTD.

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) takes the last spot on today’s list of midday gainers, up +5.68%. The therapeutic enzyme products producer, a Ray Dalio bet, reported earnings today.

New Soros Picks QuickLogic and FEI Company Struggle

Town Sports International Holdings, Inc. (NASDAQ:CLUB) plunged -22.65% midday following a rating downgrade. Farallon Capital has maintained a position in the fitness company across several quarters. It’s worth noting that 2014 has been a tough year for Town Sports, its price down -68.5% YTD.

QuickLogic Corporation (NASDAQ:QUIK) slipped -20.80% by midday after the announcement of the fiscal 2014 second quarter results. The inventor and provider of customizable semiconductor solutions for mobile and portable electronics is a new Q1 buy for George Soros.

Down -13.36% midday, FEI Company (NASDAQ:FEIC) takes the third and final spot on today’s list of midday losers. This morning, it announced disappointing results for Q2. Yet another Q1 Soros buy, FEI is down -17.12% over the past month.

 

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