Staples Dips Down After Yesterday’s Surge

Staples Dips Down After Yesterday’s Surge

ClickSoftware Technologies Ltd. (NASDAQ:CKSW), Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) and Walt Disney Co. (NYSE:DIS) are approaching market close well in the green this Wednesday. Ralph Lauren Corp. (NYSE:RL), Seventy Seven Energy Inc. (NYSE:SSE) and Staples Inc. (NASDAQ:SPLS), however, are in the red.

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Walt Disney Co. Gets a Boost on Quarter Numbers

ClickSoftware Technologies surged +12.48% after reporting quarterly earnings results this morning. The firm posted $0.11 in earnings per share and $34.50 million in revenue. A provider of software products and solutions for workforce management and optimization, ClickSoftware has been in George Soros’ portfolio since the third quarter of 2010.


Cyclacel Pharmaceuticals gained +9.79%, though it’s still down about -8% for the year. Wilbur Ross has held 116,000 CYCC shares across several quarters.

Walt Disney Co. gained +7.99% after reporting higher-than-expected profit and revenue for its first fiscal quarter of 2015. The company posted $13.4 billion in revenue and $2.2 billion in net income. Richard Chilton has 2.29% of his portfolio allocated to the global entertainment giant. David Tepper has 0.21% of his funds dedicated to the company as well.

Ralph Lauren Corp. Tumbles

Ralph Lauren Corp. tumbled -16.99% in the wake of its fiscal third-quarter earnings announcement. The New York-based company reported $215 million in earnings and a net income of $2.41 per share – below the expected EPS of $2.52. As of its most recent regulatory filing, Ray Dalio’s Bridgewater Associates holds 8,000 RL shares.

The share price of Seventy Seven Energy fell -13.62% as oil prices slid and news broke that Jeffries Group has lowered its price target on the stock from $9.00 to $7.00. The Chesapeake Energy spinoff has lost more than -80% since splitting in June.

Staples dipped -11.36% today, coming back down after skyrocketing yesterday. The company has announced plans to buy rival Office Depot in a deal valued at $6.3 billion. With 58,000 SPLS shares as of his most recent 13F filing, Ray Dalio stands to benefit from the deal.


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