Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC), Penn Virginia Corporation (NYSE:PVA) and Salesforce.com Inc. (NYSE:CRM) reached midday well in the green this Thursday. LKQ Corporation (NASDAQ:LKQ), WPX Energy Inc. (NYSE:WPX) and Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) are in the red.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
Penn Virginia Surges on Sale Exploration News
Cyclacel Pharmaceuticals hit midday up +22.07%, though its price is still down about -77% over the past year. Wilbur Ross has a stake in the company. The stock has declined more than -50% in value within the last year.
Salesforce.com climbed +11.17% early in the day – the result of its Q4 earnings report, out yesterday. The CRM leader matched analysts’ consensus on both earnings and revenue. Billionaire Ray Dalio has a position in the firm.
LKQ Corporation Tumbles
LKQ Corporation tumbled -12.82% in the wake of its fourth quarter earnings announcement. The company reported a profit of $80.5 million – $0.26 per share – bellow the estimated $0.32. As of his most recent 13F filing, Ray Dalio has a small stake in the Chicago-based firm.
WPX Energy fell -8.04% early in the day this Wednesday. The independent oil and gas operator reported $0.03 per share in Q4 earnings, well above the $0.34 loss recorded a year ago. Nevertheless, it looks as though investors were unimpressed. Leon Cooperman owns 2.88 million WPX shares.
Popeyes Louisiana Kitchen reached midday with a -7.81% loss on the day after hitting a new 52-week high yesterday. Richard Chilton has a position in the company.