dELiA*s, Inc. (NASDAQ:DLIA), Qihoo 360 Technology Co Ltd (NYSE:QIHU) and Sunedison Semiconductor Ltd (NASDAQ:SEMI) are climbing this Tuesday. Fred’s, Inc. (NASDAQ:FRED), Alpha Natural Resources, Inc. (NYSE:ANR) and Voltari Corp (NASDAQ:VLTC), on the other hand, are falling.
Qihoo 360 Climbs on Earnings Beat
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The 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
dELiA*s, Inc. (NASDAQ:DLIA) surged +22.09% today – to the delight of Leon Cooperman and Chase Coleman’s Tiger Global, holders of 4.26 million and 3.4 million DLIA shares, respectively. The troubled retailer, which is down -84.88% YTD, has managed to climb +1.53% over the past month.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) climbed +7.28% after beating expectations on earnings. The Chinese internet security company, a new Q3 buy for billionaire investor George Soros, has gained +9.68% over the past month.
Sunedison Semiconductor Ltd (NASDAQ:SEMI) gained +7.18% today and has gained +15.53% since being spun off from SunEdison (NYSE:SUNE) in May.
Icahn Pick Voltari Stumbles
Discount retailer Fred’s, Inc. (NASDAQ:FRED) dipped -8.75% after updating its fourth quarter earnings guidance. The company’s share price has fallen -17.67% year-to-date.
Alpha Natural Resources, Inc. (NYSE:ANR) tumbled -8.4%, putting its five-day loss at -14.81%. Short interest in the company is on the rise, and though its one-year default probability has dropped, its bonds tell a different tale. ANR, a Jorge Lemann holding, has declined -68.98% year-to-date.
Voltari Corp (NASDAQ:VLTC) fell -7.96% today and has declined -23.53% over the past month. The mobile data solutions provider has been in Carl Icahn’s portfolio since the second quarter of 2013. Given the stock’s -74% drop over the past year, it’s likely the activist has, thus far, posted a loss on the investment.