SouFun Holdings Ltd (NYSE:SFUN), dELiA*s, Inc. (NASDAQ:DLIA) and Endurance International Group Hldgs Inc (NASDAQ:EIGI) hit midday in the green this Friday. GameStop Corp. (NYSE:GME), Lions Gate Entertainment Corp. (NYSE:LGF) and The Gap Inc. (NYSE:GPS), on the other hand, are in the red.
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
SouFun Rebounds After Hitting New Low
SouFun Holdings Ltd (NYSE:SFUN) surged +16.13% early in the day, rebounding after hitting a new 52-week low yesterday. The China-based online real estate portal hasn’t had the best of years, as its price has declined more than -40% in 2014. But Tiger Global boosted its stake in the company to one of 14 million shares in Q3 – a sign it expects things to turn around.
dELiA*s, Inc. (NASDAQ:DLIA), another Tiger bet, climbed +13.05% today, putting its five-day performance at +14.24%. DLIA has declined -90.78% over the past year and is currently trading just cents away from its 52-week low of $0.08.
Endurance International Group Hldgs Inc (NASDAQ:EIGI) got a +12.45% boost today on the pricing of a public offering of its common stock. EIGI, an online web-hosting solutions provider, has gained +32.64% in the past six months.
GameStop Stalls on Disappointing Sales
GameStop Corp. (NYSE:GME) reached the middle of the day posting a -12.49% loss. The company reported a dip in total global sales for Q3 yesterday, citing the delayed launch of one of the year’s biggest games as the cause. Ray Dalio’s Bridgewater Associates initiated a stake in the company in the second quarter of the year and boosted the stake in the subsequent quarter to one of 191,000 shares.
Lions Gate Entertainment Corp. (USA) (NYSE:LGF) fell -5.74%, coming back down after rallying ahead of the latest Hunger Games film release. The global entertainment company has gained +4.45% year-to-date.
The Gap Inc. (NYSE:GPS) tumbled -5.21% early in the day this Friday after announcing plans to overhaul leadership at Gap and Banana Republic and lowering its profit expectations for the year. Both Steve Mandel and Ray Dalio have positions in the apparel giant, which has gained a modest +3.74% over the past month.