December Numbers Give CONN’S Inc. a Boost

December Numbers Give CONN’S Inc. a Boost

CONN’S Inc. (NASDAQ:CONN), Petroleo Brasileiro Petrobras SA (NYSE:PBR) and Qiwi PLC (NASDAQ:QIWI) started the day with major gains this Thursday. Taking tumbles today are Stemline Therapeutics Inc. (NASDAQ:STML), Novacopper Inc. (NYSEMKT:NCQ) and Alpha Natural Resources Inc. (NYSE:ANR).

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CONN’S Inc. Climbs

Corsair Took A Hit From Small-Cap Underperformance In Q3; Says Evergrande Not The Next Lehman Brothers

Corsair CapitalCorsair Capital was down by about 3.5% net for the third quarter, bringing its year-to-date return to 13.3% net. Corsair Select lost 9.1% net, bringing its year-to-date performance to 15.3% net. The HFRI – EHI was down 0.5% for the third quarter but is up 11.5% year to date, while the S&P 500 returned 0.6% Read More

CONN’S Inc. surged +11.68% early in the day after reporting an 11.5% increase in retail net sales for December. David Einhorn’s Greenlight Capital initiated a stake in the retailer during the first quarter of 2014 and has yet to return its investment on this one, given the stock’s more than -70% drop over the past year.

Petroleo Brasileiro climbed +10% on high volume. The Brazil-based oil and gas company hit a new 52-week low earlier this week. Both Ray Dalio and George Soros have positions in the company.


Qiwi gained +7.78% as Russian markets and the ruble bounce. The Russia-based payment services company has performed poorly in recent months, its price falling -41.46% over the past six months. Leon Cooperman picked up a stake in the firm during the second quarter of 2014 and as of his most recent regulatory SEC filing holds 100,000 QIWI shares.

Stemline Therapeutics Tumbles After Price Announcement

Stemline Therapeutics tumbled -9.2% after announcing the pricing of its common stock offering at $15.75 per share. The biotech company has been in the Farallon Capital portfolio since the second quarter of 2013.

Novacopper dipped -9.02% early in the day, though it’s since rebounded. The metals exploration company, a John Paulson holding, has been the target of short interest growth lately. Its price has fallen -58.55% over the past year.

Alpha Natural Resources fell -6.43% in the wake of news of its CFO’s retirement. Brazilian billionaire Jorge Lemann has been building a stake in the company since the first quarter of last year.


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