21Vianet Group (NASDAQ:VNET), Petroleo Brasileiro Petrobras SA (NYSE:PBR) and BioDelivery Sciences International Inc. (NASDAQ:BDSI) got a strong start to the day this Tuesday. In the red midday are Endeavour International Corporation (NYSE:END), Allied Nevada Gold Corp. (NYSEMKT:ANV) and dELiA*s Inc. (NASDAQ:DLIA).
At this year's SALT New York conference, Jean Hynes, the CEO of Wellington Management, took to the stage to discuss the role of active management in today's investment environment. Hynes succeeded Brendan Swords as the CEO of Wellington at the end of June after nearly 30 years at the firm. Wellington is one of the Read More
Petroleo Brasileiro Petrobras Keeps Riding Elections Wave
21Vianet Group reached the middle of the day up +9.63%. A provider of carrier-neutral internet data center services, VNET has rebounded in recent weeks following an announcement that it will launch IBM cloud managed services in China. Farallon Capital picked up a 1.46-million-share stake in 21Vianet in Q2, and George Soros has had the company in his portfolio since Q1.
Petroleo Brasileiro Petrobras SA surged +6.84%, continuing to climb alongside a number of Brazilian stocks following Sunday’s presidential election results. With 856,000 PBR shares in his investment portfolio as of the second quarter of this year, Ray Dalio likely has an eye on how this story advances.
Up +5.75% midday, BioDelivery Sciences also got a nice boost today. The specialty pharmaceutical company has climbed +204.24% year-to-date and has been a home run for Julian Robertson, who has held 511,000 BDSI shares since the Q4 2013.
Endeavour International Corporation Continues Free Fall
Endeavour International Corporation plunged -15.45% today, putting its five-day performance at -40.13%. The new Q2 Soros buy is down -97.02% in 2014.
The share price of Allied Nevada Gold Corp. fell -8.84%. A long-time John Paulson holding and new Q2 pick for Soros, ANV has declined -26.1% over the past month.
Finally, troubled apparel retailer dELiA*s posted a -7.96% loss midday this Tuesday. DLIA has declined -78.97% year-to-date, including -59.78% over the past 30 days. Despite the company’s poor performance, Tiger Global has maintained a 3.4-million-share stake in DLIA across three consecutive quarters.