Urban Outfitters Inc. (NASDAQ:URBN), Voltari Corp. (NASDAQ:VLTC) and Pinnacle Entertainment Inc. (NYSE:PNK) are approaching market close with big gains this Tuesday. Key Energy Services Inc. (NYSE:KEG), Scorpio Bulkers Inc. (NYSE:SALT) and Teekay Tankers Ltd. (NYSE:TNK) are taking tumbles.
Urban Outfitters Rallies Again
[drizzle]Urban Outfitters Inc. surged +8.71% and continues to climb in the wake of its fourth quarter earnings report. The apparel retailer seems to be in the midst of a turnaround and is up nearly +25% year-to-date. Ray Dalio’s Bridgewater Associates has a stake in the firm.
Carl Icahn holding Voltari Corp. climbed +5.97%, putting its YTD gain at almost 35%. Despite its recent rally, the stock is down -75% over the past year.
Pinnacle Entertainment gained +5.98% and is up over +25% over the past five days, thanks in large part to a $4.1 billion real estate merger offer from GLPI. Billionaire Marc Lasry is getting a boost off of this one.
Key Energy Services Tumbles on Rating Downgrade
Key Energy Services Inc. tumbled -8.99% after news broke that Zacks has cut its rating on the stock from neutral to underperform. The stock is currently trading less than a dollar away from its 52-week low of $1.00. George Soros has a small stake in the firm.
Scorpio Bulkers fell -6.99%, though it is still up about +5% for the year. Last Wednesday, the company reported a $72 million loss in Q4. On Thursday, Stifel Nicolaus reaffirmed its buy rating on the stock. SALT has a 3% allocation in Marc Lasry’s portfolio.