Imperva Inc (NYSE:IMPV), Spansion Inc. (NYSE:CODE) and LinkedIn Corp (NYSE:LNKD) are finishing the week strong and making significant gains this Friday. Moving in the opposite direction are Audience Inc (NASDAQ:ADNC), Tempur Sealy International Inc (NYSE:TPX) and Kinross Gold Corporation (NYSE:KGC).
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More
Imperva Inc (NYSE:IMPV) climbed +25.53% early in the day, soaring to a six-month high following its third quarter report. The data security solutions company, a new second quarter acquisition for billionaire investor George Soros, has climbed +82.68% over the past three months.
Flash memory products designer Spansion Inc. (NYSE:CODE) got a +19% boost this Friday after meeting analysts’ earnings expectations for Q3. The company reported $0.27 in EPS, as anticipated. In Soros’ investment portfolio since the first quarter of the year, CODE has gained +42.26% in 2014.
Professional social network LinkedIn Corp (NYSE:LNKD) gained +11.77% thanks to significant growth in membership and sales, reported yesterday. During the second quarter of the year, George Soros purchased 75,000 LNKD shares, and during the same period, Ray Dalio reduced his stake to one of 2,000 shares. LinkedIn has gained +25.61% over the past three months.
Audience Inc. Plummets
The share price of Audience Inc (NASDAQ:ADNC) plunged -40.56% in the wake of its quarterly results report. A provider of voice and audio processors, ADNC has been in George Soros’ portfolio since the fourth quarter of 2013. Its price has declined -70.45% year-to-date.
Tempur Sealy International Inc (NYSE:TPX) tumbled -12.03% this Friday – the result of the mattress giant’s results report, which revealed a drop in profits caused by high acquisition costs. Billionaire investor David Einhorn initiated a position in the company in Q3 2013 and as of Q2 2014 holds 1.8 million TPX shares. Tempur Sealy has gained +34.08% in the past year.
Kinross Gold Corporation (NYSE:KGC) posted an -11.71% loss today, putting its five-day performance at -18.27%. The gold mining company hit a 52-week low just yesterday. Ray Dalio has had KGC in his holdings since the fourth quarter of 2012.