Compuware Climbs on Buyout Announcement

Compuware Climbs on Buyout Announcement

Compuware Corporation (NASDAQ:CPWR), Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) and ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) are among today’s top gainers on the stock market midday. Posting notable losses are CONN’S, Inc. (NASDAQ:CONN), Adecoagro SA (NYSE:AGRO) and Allied Nevada Gold Corp. (NYSEMKT:ANV).

Compuware Climbs

ValueWalk’s August 2021 Hedge Fund Update: Point72 Suffers Loss; Hedge Fund Assets Hit $4 Trillion

Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More

Compuware Corporation (NASDAQ:CPWR) reached midday with a +12.33% gain following news that it has agreed to a $2.5 billion private equity firm buyout. Billionaire hedge fund manager John Paulson has held 14.25 million CPWR shares since the fourth quarter of 2013.

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) surged +11.98% after announcing plans to buy Prestige Cruises (which operates Oceania and Regent Seven Seas) in a deal valued at $3 billion. NCLH is up +4.6% year-to-date.


Up 9.17%, ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) had a strong start to the day and week as well. Today, the company announced that the FDA has granted breakthrough therapy designation to one of its products. The biopharmaceutical company has been in the Farallon Capital portfolio since the first quarter of the year. Its price has climbed +27.93% over the past three months.

Conn’s Inc. Plummets on Missed EPS Mark

The share price of CONN’S, Inc. (NASDAQ:CONN) plummeted -30.78% early in the day after the company missed second quarter EPS expectations by $0.25. A home appliances and consumer electronics retailer, Conn’s is down -60.35% YTD. Billionaire investor David Einhorn initiated a position in the company in Q1 and increased it slightly to 3.5 million shares in Q2.

Adecoagro SA (NYSE:AGRO) posted a loss of -7.41% midday. The South American agricultural company, which operates in Argentina, Brazil and Uruguay, is a long-time George Soros pick. As of the second quarter of this year, the billionaire holds 25.9 million AGRO shares. Despite today’s decline, the company’s share price is up +8.28% YTD. It hit oversold territory late last month.

Allied Nevada Gold Corp. (NYSEMKT:ANV) dipped -6.94% early in the day. The gold company has been in John Paulson’s portfolio across several quarters, and George Soros initiated a position in Q2 2014.


No posts to display