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

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

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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