Twitter Takes a Tumble as Ability to Innovate Comes into Question

Receptos Inc (NASDAQ:RCPT), The Medicines Company (NASDAQ:MDCO) and Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) hit midday posting notable gains this Tuesday. In the red today are Twitter Inc (NYSE:TWTR), Sanofi SA (ADR) (NYSE:SNY) and Gulf Coast Ultra Deep Royalty Trust – Royalty Trust Unit (NASDAQ:GULTU).

Sign Up For Our Free Newsletter

This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery

D1 CapitalThe 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. Continues to Pay Off for Farallon Capital

Receptos Inc (NASDAQ:RCPT) climbed an impressive +44.04% early in the day thanks to positive news out of one of its drug studies. Farallon Capital has knocked it out of the park in betting on the biotech company – the fund initiated a 10,000-share position in Q4 2013, upped it to 310,000 shares in Q1 and as of Q2 holds 290,000 RCPT shares. Receptos has gained +234.25% year-to-date.


The Medicines Company (NASDAQ:MDCO) got a +12.71% boost off of its patent infringement victory against Mylan. MCDO first filed suit in 2011. Despite today’s jump, the George Soros pick is still down -35.24% in 2014.

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) gained +12.68% early in the day, putting its five-day gain at +21.68%. The biopharmaceutical company reported third quarter results yesterday, including total revenues of $14.8 million. John Paulson initiated a stake in VNDA at the start of the year and as of Q2 holds 3.2 million shares.

Twitter Takes a Dive Following Results

Twitter Inc (NYSE:TWTR) hit midday down -10.17% in the wake of yesterday’s results report after the bell. While the social media giant experienced a sharp rise in revenue, user growth has stalled – the result of what many believe is a lack of innovation. Tiger Global has held 500,000 TWTR shares since Q4 2013, and George Soros picked up 150,000 in Q2 2014. It hasn’t been a great year for Twitter, which has declined -31.69% YTD.

Sanofi SA (ADR) (NYSE:SNY) dipped -9.84% early in the day after it reported a drop in quarterly earnings and warned of pricing pressure on its diabetes treatment in the United States. The French drug maker, a long-time Warren Buffett pick, has declined -8.45% over the past year.

The share price of Gulf Coast Ultra Deep Royalty Trust – Royalty Trust Unit (NASDAQ:GULTU) fell -9.09% this Tuesday. Leon Cooperman and John Paulson have positions in the company, as does Farallon Capital.