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).
Continued from part one... Q1 hedge fund letters, conference, scoops etc Abrams and his team want to understand the fundamental economics of every opportunity because, "It is easy to tell what has been, and it is easy to tell what is today, but the biggest deal for the investor is to . . . SORRY! 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.