Constellium Climbs Despite Q4 Loss

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Constellium Climbs Despite Q4 Loss

Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC), Pendrell Corp. (NASDAQ:PCO) and Constellium NV (NYSE:CSTM) are making notable climbs this Thursday. EXCO Resources Inc. (NYSE:XCO), Lumos Networks Corp. (NASDAQ:LMOS) and Organovo Holdings Inc. (NYSEMKT:ONVO) are taking tumbles.

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Jeffrey Aronson Crossroads CapitalAt this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More


 

Pendrell Rebounds

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Cyclacel Pharmaceuticals Inc. was up +12.83% about an hour and a half ahead of market close today. The stock – a Wilbur Ross holding – is still down more than -70% over the past year.

Pendrell Corporation gained +6.93% this Thursday, rebounding after hitting a new 52-week low just days ago. The intellectual property investment and advisory company, a Farallon Capital pick, is down -21% year-to-date.

Constellium NV surged +6.4% in the wake of its earnings report. The Netherlands-based company reported a fourth quarter loss of $18.1 million – something that apparently didn’t have Wall Street too nervous. George Soros has a stake in the firm, the share price of which has rallied about +22% in 2015.

EXCO Resources Plummets

EXCO Resources tumbled -9.94% today and looks weak on high trading volume. The company has had a rough to in recent weeks and in late February announced plans to cut its workforce by 15% and slash its capital budget by 35% in 2015. The billionaire taking a hit on this one: Wilbur Ross.

Lumos Networks dipped -7.09%, putting its five-day loss at about -10%. George Soros has a stake in the company.

Organovo Holdings fell -6.74% today and is down -40% YTD. Chase Coleman’s Tiger Global has a stake in the development-stage company.

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