KiOR Inc (OTCMKTS:KIORQ), Green Brick Partners Inc (NASDAQ:GRBK) and Staples, Inc. (NASDAQ:SPLS) surged on the market early in the day this Wednesday. Losing speed are Allied Nevada Gold Corp. (NYSEMKT:ANV), Constellium NV (NYSE:CSTM) and Cal Dive International, Inc. (OTCMKTS:CDVI).
The technology industry has long been on the receiving end of billions of dollars in capital, but what's next for the industry? Greylock General Partner Sarah Guo joined Wall Street Journal reporter Zoe Thomas to talk about the future of tech investment. Q3 2021 hedge fund letters, conferences and more Seed Funding Thomas asked Guo Read More
David Einhorn’s Green Brick Partners Climbs
KiOR Inc (OTCMKTS:KIORQ) rallied +27.27% today, though it’s still trading incredibly low. The biofuel company filed for bankruptcy early last week.
David Einhorn’s new homebuilding business Green Brick Partners Inc (NASDAQ:GRBK) climbed +13.01%, putting its five-day gain at +23.45%. Formerly BioFuel Energy, GRBK is the result of a bit of maneuvering by Einhorn’s Greenlight Capital earlier in the year. Dan Loeb has a position in the company as well.
The share price of Staples, Inc. (NASDAQ:SPLS) surged +9.56% on the heels of an announcement that the office supply chain will close more stores in an effort to cut costs. Ray Dalio has held a small position in the company since the fourth quarter of 2013. Since the start of the year, SPLS has declined -11.93%.
Constellium Investors Unconvinced on Earnings Report
Allied Nevada Gold Corp. (NYSEMKT:ANV) tumbled -16.66% after Credit Suisse issued a report on gold with a bearish outlook through the end of next year. The long-time John Paulson investment has had a strong run in recent days, its price climbing +61.9% over the past five days. It’s still down -52.11% YTD.
Constellium NV (NYSE:CSTM) dipped -16.02% despite beating expectations with its earnings report, released this morning. George Soros increased his stake in the Netherlands-based aluminum company to 1.13 million shares in Q3. CSTM has declined -14.34% over the past month.
The share price of Cal Dive International fell -12.7%, putting its five-day loss at -38.33%. The company was delisted from the NYSE at the end of October.