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).
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.