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).
Worm Capital July 2020 Performance Update: Up 152% YTD
Worm Capital performance update for the month ended July 31, 2020. Q2 2020 hedge fund letters, conferences and more Long/Short Equity Growth Strategy Net Performance Long-Only Equity Growth Strategy Net Performance
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.
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.