Receptos Inc (NASDAQ:RCPT), Senomyx Inc. (NASDAQ:SNMX) and Flexion Therapeutics Inc (NASDAQ:FLXN) climbed on Wall Street this morning. Taking notable dives are 21Vianet Group Inc (NASDAQ:VNET), AngloGold Ashanti Limited (ADR) (NYSE:AU) and 58.com Inc (ADR) (NYSE:WUBA).
Receptos Gets a Boost on Data Report
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More
Receptos Inc (NASDAQ:RCPT) surged +17.17% today after releasing solid data from a mid-stage clinical trial of its multiple-sclerosis drug. The biopharmaceutical company, a Farallon Capital pick, is up an impressive +96.38% year-to-date and +29.95% over the past month.
The share price of Senomyx Inc. (NASDAQ:SNMX) climbed +9.51% early in the day, bringing the company’s one-month gain to +28.85%. In fact, the stock has increased +76.98% in 2014.
Flexion Therapeutics Inc (NASDAQ:FLXN) reached midday up +8.28% thanks to a price target bump from BMO Capital Markets from $33.00 to $36.00. Needham & Company analyst Eliot Wilbur raised his price target for the stock from $26.00 to $31.00 as well. The specialty pharmaceutical company is a George Soros holding and has climbed nearly +50% in the past three months.
21Vianet Group Plummets
Down -16.36% midday, 21Vianet Group Inc (NASDAQ:VNET) took a major hit today. The explanation: fraud allegations. The Chinese internet data services company is accused of fabricating SEC financial statement and conducting illegal activities in China. Farallon Capital has a stake in the firm, as does George Soros, and both parties are certainly keeping a close eye on this.
AngloGold Ashanti Limited (ADR) (NYSE:AU) plunged -15.91% after announcing to spin off its international assets. AngloGold is the world’s third-largest gold producer by volume and has been affected significantly by a drop in gold prices in recent years. Billionaire investors John Paulson and Ray Dalio have positions in AU, which despite today’s dip is up +10.84% YTD.
Taking the last spot on today’s list of losers is Tiger Global holding 58.com Inc (ADR) (NYSE:WUBA), which dipped -5.49%. WUBA has declined -20.26% over the past 30 days.