Troubled Apparel Retailers dELiA*s, Wet Seal Bounce

dELiA*s, Inc. (NASDAQ:DLIA), The Wet Seal, Inc. (NASDAQ:WTSL) and Allied Nevada Gold Corp. (NYSEMKT:ANV) have made notable gains in trading today. In the red this Thursday are Jumei International Holding Ltd (NYSE:JMEI), Tasman Metals Ltd (NYSEMKT:TAS) and Voltari Corp (NASDAQ:VLTC).

Sign Up For Our Free Newsletter

Wet Seal

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More


Wet Seal Surges

dELiA*s, Inc. (NASDAQ:DLIA) surged +31.38% today, though it’s still down -85.7% for the year. Billionaire investor Leon Cooperman initiated a 4.26-million-share position in the retailer in Q3, and Tiger Global has held 3.4 million shares since the end of 2013.

[drizzle]

The Wet Seal, Inc. (NASDAQ:WTSL) climbed +17.08% on the heels of a letter from Clinton Group detailing strategic and financial options for the company. The fashion apparel retailer has declined -86.57% year-to-date and -16.66% over the past month.

The share price of Allied Nevada Gold Corp. (NYSEMKT:ANV) jumped +16.11% today, bouncing back after plummeting yesterday. The gold and silver producer, a holding of both George Soros and John Paulson, has rallied +42.92% within the past five days.

Jumei Takes a Dive on Downbeat Earnings Report

Jumei International Holding Ltd (NYSE:JMEI) plummeted -10.44%. The Chinese online beauty products retailer hit a new 52-week low today after missing the mark on its Q3 results. George Soros closed out his JMEI stake in Q3.

Tasman Metals Ltd (NYSEMKT:TAS) dipped -7.8%, putting its one-month loss at -28.76%. The junior resource company, a long-time Soros holding, is down -53.43% year-to-date.

Carl Icahn investment Voltari Corp (NASDAQ:VLTC) fell -6% this Thursday. A provider of merchandising, digital marketing and advertising solutions, VLTC has declined -51.25% over the past six months.

[/drizzle]