dELiA*s, Inc. (NASDAQ:DLIA), bluebird bio Inc (NASDAQ:BLUE) and Mazor Robotics Ltd – ADR (NASDAQ:MZOR) are making climbs this Monday. Taking tumbles on the market are Digital River, Inc. (NASDAQ:DRIV), Seventy Seven Energy Inc (NYSE:SSE) and Arista Networks Inc (NYSE:ANET).
When Baupost, the $30 billion Boston-based hedge fund now managed by Seth Klarman, was founded in 1982, it was launched with a core set of aims. Q4 2021 hedge fund letters, conferences and more Established by Harvard professor William Poorvu and a group of four other founding families, including Klarman, the group aimed to compound Read More
dELiA*s Rebounds After Friday’s Plunge
dELiA*s, Inc. (NASDAQ:DLIA) rebounded +8.99% today following Friday’s post-bankruptcy dive. The distressed apparel company has lost -97.65% year-to-date and has proven a poor investment for Leon Cooperman as well as Chase Coleman’s Tiger Global.
The price of bluebird bio Inc (NASDAQ:BLUE) climbed +7.83%, putting its five-day gain at +22.06%. Insiders have been selling the stock lately – an important trend worth watching. The biotech company is a new Q3 buy for Leon Cooperman.
Mazor Robotics Ltd – ADR (NASDAQ:MZOR) surged +6.53% early in the day this Monday. The Israel-based medical robotics company has been in George Soros’ portfolio since the first quarter of the year and is one of his many notable international investments.
Digital River Dives as Microsoft Decision is Postponed
Digital River, Inc. (NASDAQ:DRIV) plummeted -24.54% after announcing it will give Microsoft more time to decide on a contract extension. Despite today’s dip, the e-commerce company, a Soros holding, has had a solid run in recent weeks, with its price climbing +21.84% over the past three months.
Seventy Seven Energy Inc (NYSE:SSE) dipped -15.5% this Monday, putting its five-day loss at -25.61%. The oilfield services company is one of George Soros’ most recent acquisitions. It is down -80.08% YTD.
Arista Networks Inc (NYSE:ANET) tumbled -12.41% in the wake of a patent infringement lawsuit filed by rival Cisco Systems. Steve Mandel initiated a stake in the cloud networking solutions provider during the second quarter of the year and as of Q3 holds 722,000 ANET shares.