Mueller Water Products, Inc. (NYSE:MWA), Athersys, Inc. (NASDAQ:ATHX) and Albany Molecular Research, Inc. (NASDAQ:AMRI) are the market’s top gainers midday this Tuesday. Enzymotec Ltd (NASDAQ:ENZY), RetailMeNot Inc (NASDAQ:SALE) and Radio One, Inc. (NASDAQ:ROIAK) are the biggest midday losers.
Mueller Water Products Climbs
Mueller Water Products, Inc. (NYSE:MWA) climbed +14.47% midday today. The company reported fiscal third quarter results yesterday, including $318.5 million in net sales and $18.5 million in net income. And today, Brean Capital raised its ratings of Mueller from a hold to a buy. Despite today’s jump, the David Tepper pick is down -7.4% YTD.
For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More
Athersys, Inc. (NASDAQ:ATHX) hit midday up +9.55%. With its second quarter financial results announcement under a week away, the biopharmaceutical company hasn’t had the strongest of years on the stock market, its price down -33.38% year-to-date. Billionaire investor George Soros initiated a position in Athersys in Q1.
Last on today’s list of midday gainers is Albany Molecular Research, Inc. (NASDAQ:AMRI), up +8.83% following a better-than-expected earnings report. Another first quarter Soros buy, Amri has climbed an impressive +101.98% in 2014 and is now trading near its 52-week high.
Enzymotec Hits 52-Week Low Following Earnings Report
Enzymotec Ltd (NASDAQ:ENZY) plunged -36.98%, reaching a new 52-week low following a disappointing earnings report. The company’s price has declined -65.94% YTD. Billionaire investor John Paulson initiated a position in Enzymotec in Q4 2013 and upped his allocation in Q1 2014 – a potential indicator he thinks the company could turn around.
RetailMeNot Inc (NASDAQ:SALE) slipped -26.36% after missing the mark on results and cutting its view for the year ahead. The company’s stock price has declined -40% over the past year, including -30.51% in the past month. George Soros held over one million SALE shares as of Q1.
The sale price of Radio One, Inc. (NASDAQ:ROIAK) fell -17.92% midday today following the release of its second quarter results. The first quarter Soros buy is down -13.98% in 2014.