LinkedIn Corp (LNKD) Gets a Boost on Results, Revamped Software

BioTelemetry, Inc. (NASDAQ:BEAT), LinkedIn Corp (NYSE:LNKD) and Spirit AeroSystems Holdings, Inc. (NYSE:SPR) are this Friday’s top gainers midday. On the losing end are Community Health Systems (NYSE:CYH), Biota Pharmaceuticals Inc (NASDAQ:BOTA) and Audience Inc (NASDAQ:ADNC).

LinkedIn Climbs on Positive Results

Wireless medical technology company BioTelemetry, Inc. (NASDAQ:BEAT) hit midday up +9.58% this Friday. The Q1 George Soros buy reported its second quarter financial results yesterday. Its price is up a slight +0.94% in the last month.

Coho Capital 2Q20 Commentary: Podcasts, The New Talk Radio

Coho Capital LogoCoho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More


Corporate social network LinkedIn Corp (NYSE:LNKD) climbed +9.06% today, thanks to positive quarterly results and a revamped version of its Sales Navigator software. Billionaire hedge fund manager Ray Dalio upped his position in LNKD to 14,000 shares during the first quarter of the year.

Up +9.03% midday, Spirit AeroSystems Holdings, Inc. (NYSE:SPR) takes the last spot on today’s list of gainers. The Wichita-based company reported a Q2 profit this week and also lifted its full-year outlook for 2014. David Einhorn initiated a position in SPR in Q1 2013 and has likely made a gain on this one, given its price has climbed +39.82% in the past year.

Biota Pharmaceuticals Falls on Failed Drug Trial

Taking the top spot on today’s list of midday losers is Community Health Systems (NYSE:CYH), down -38.91%. It is a Q1 Farallon Capital pick.

Also having a rough Friday is Biota Pharmaceuticals Inc (NASDAQ:BOTA), its price falling -22.43% midday. The explanation: its flu treatment, one of its lead drugs, failed a mid-stage study. A new Q1 buy for George Soros, Biota has lost -42.72% year-to-date.

Audience Inc (NASDAQ:ADNC) fell -17.73% midday after Chardan Capital Markets downgraded its rating of the stock from buy to neutral, also lowering its price target to $9.00. Soros purchased 421,000 ADNC shares during the fourth quarter of 2013 and reduced his allocation slightly during the first quarter of this year. The stock is down -32.13% YTD.