Fraud Allegations Dog 21Vianet Group as Share Price Plummets


Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL), Turquoise Hill Resources Ltd (NYSE:TRQ) and Gogo Inc (NASDAQ:GOGO) are today’s top gainers midday. The losers are E2open Inc (NASDAQ:EOPN), dELiA*s, Inc. (NASDAQ:DLIA) and 21Vianet Group Inc (NASDAQ:VNET).

sign up for our free newsletter

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/7 17:16 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More

Auxilium Pharmaceuticals Climbs Following Restructuring Announcement

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) surged +7.9% early in the day today. This week, the company announced restructuring plans, including a 30% reduction of its workforce. Billionaire investor John Paulson initiated a position in the specialty biopharmaceutical company during the first quarter of 2014 with the purchase of four million AUXL shares.


Turquoise Hill Resources Ltd (NYSE:TRQ) climbed +6.8% this Thursday. The stock entered oversold territory last Friday, and this week, the company announced a setback on one of its projects. However, its price is up +10.8% over the past five days. Ray Dalio has a small stake in this one.

Taking the third and final spot on today’s list of midday gainers is Gogo Inc., up +6.65% after revealing a new partnership with T-Mobile. In George Soros’ investment portfolio since the first quarter of the year, Gogo Inc (NASDAQ:GOGO) is down -26.34% YTD but has performed +19.98% in the past month.

E2open, dELiA*s Dive on Quarterly Data, 21Vianet suffer from fraud allegations

E2open Inc (NASDAQ:EOPN) reached the middle of the day down -29.66%. Yesterday, the company provided preliminary second-quarter results and adjusted its full-year revenue guidance, apparently leaving investors disappointed. The enterprise software company, a Wilbur Ross investment, is down -54.37% YTD.

dELiA*s, Inc. (NASDAQ:DLIA) plummeted -28.83% today on the heels of a net revenue decline of 22.4% year-over-year, announced yesterday. The Tiger Global pick had a rough go in 2014, with its price down -62.48% YTD.

21Vianet Group Inc (NASDAQ:VNET) fell -17.15% as it continues to suffer the fall-out of fraud allegations, reported yesterday. Trinity Research Group has accused the Chinese internet company of being a Ponzi scheme.

sign up for our free newsletter