Coronado Biosciences Inc (NASDAQ:CNDO), Rackspace Hosting, Inc. (NYSE:RAX) and AuRico Gold Inc (NYSE:AUQ) are making notable climbs on the stock market this Tuesday. Town Sports International Holdings, Inc. (NASDAQ:CLUB), American Apparel Inc (NYSEMKT:APP) and Radius Health Inc (NASDAQ:RDUS), on the other hand, are tumbling.
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
Rackspace Bounces on Microsoft Announcement, Q3 Results
Coronado Biosciences Inc (NASDAQ:CNDO) got a +14.47% early in the day. Last week, the company raised $3.5 million through the sale of restricted common stock, and news has also emerged of some insider buying. The new Q2 George Soros acquisition has rallied in recent weeks, and its price has climbed +16.43% over the past three months.
Rackspace Hosting, Inc. (NYSE:RAX) climbed +13.1% this Tuesday after announcing yesterday that it will join the Microsoft Corporation Cloud OS Network and releasing Q3 results. Billionaire investor Dan Loeb initiated a 7.25-million-share position in Rackspace in the second quarter of the year, and George Soros picked up 265,000 shares. Ray Dalio, on the other hand, reduced his position from 87,000 shares in Q1 to 17,000 in Q2.
AuRico Gold Inc (NYSE:AUQ) jumped +10.59% after announcing an agreement to invest in Carlisle Goldfields. The Canada-based gold producer has been in George Soros’ portfolio since the first quarter of the year and has gained +11.56% over the past five days.
American Apparel Plummets
Town Sports International Holdings, Inc. (NASDAQ:CLUB) tumbled -9.9% – the result of a disappointing earnings report and poor outlook for the quarter ahead. The fitness center operator is a long-time Farallon Capital pick, and it’s a new second quarter buy for George Soros as well.
American Apparel Inc (NYSEMKT:APP) plummeted -8.99% after announcing a widened loss in the third quarter as sales declined and expenses related to an internal investigation of its founder Dov Charney took a toll. The apparel retailer, yet another new Q2 buy for Soros, has declined -43.5% YTD.
Radius Health Inc (NASDAQ:RDUS) dove -8.6% today despite beating expectations with its results report. Farallon Capital purchased 1.8 million RDUS shares in the second quarter of the year and despite today’s dip have likely posted a gain on this one, as the stock has climbed +61.39% over the past three months and +154.68% in the last six.