Home Technology Gold Rally Looks Good for Allied Nevada, Harmony Gold

Gold Rally Looks Good for Allied Nevada, Harmony Gold

Town Sports International Holdings Inc. (NASDAQ:CLUB), Allied Nevada Gold Corp. (NYSEMKT:ANV) and Harmony Gold Mining Co. (NYSE:HMY) have commenced the week with noteworthy gains on Wall Street. Taking tumbles this Monday are Bitauto Holding Ltd. (NYSE:BITA), Sarepta Therapeutics Inc. (NASDAQ:SRPT) and SanDisk Corporation (NASDAQ:SNDK).

Sign up for our free daily newsletter

Gold Rally Gives ANV, HMY a Boost

Town Sports International surged +18.69% after announcing preliminary Q4 results. An owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the U.S., the firm is a long-time Farallon Capital holding. It has climbed nearly +30% over the past three months.


Allied Nevada Gold and Harmony Gold Mining Co. gained +17.14% and +11.05%, respectively, thanks to gold price climbs. In fact, gold hit $1,232.80 today, its highest point since October 22nd. Billionaire investors John Paulson and George Soros have positions in ANV, and Ray Dalio has a stake in HMY.

Bitauto Tumbles on China Car Sales Slowdown

Online Chinese auto portal Bitauto tumbled -17.32% after the China Association of Automobile Manufacturers (CAAM) reported a slowdown in the country’s car sales. Tiger Global picked up a 5.6-million-share stake in the company during the second quarter of last year. Despite today’s dip, BITA is up +44.29% over the past six months.

Sarepta Therapeutics plunged -14.7% to a new low after releasing trial results. The biotech company, which has been in George Soros’ portfolio since the third quarter of 2012, has declined nearly -40% over the past year.

SanDisk Corporation dipped -14.65% after cutting its Q4 revenue estimates. Another Soros pick, SNDK is down -15.56% over the past month.


Updated on