Vivint Solar Inc. (NYSE:VSLR), bluebird bio Inc. (NASDAQ:BLUE) and Receptos Inc. (NASDAQ:RCPT) are well in the green for the day less than two hours away from market close. Momo Inc. (NASDAQ:MOMO), Eclipse Resources Corp. (NYSE:ECR) and Voltari Corp. (NASDAQ:VLTC) are in the red.
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More
Vivint Solar Surges
Vivint Solar surged +24.27% today thanks to an above-expectations earnings report. During the fourth quarter of the year, the company brought in $6.9 million in revenue, well above the anticipated $6.01 million. Billionaire Leon Cooperman has a small stake in the firm.
The share price of bluebird bio Inc. rallied +10.56% today and is up more than +300% over the past year. The stock is now trading less than a dollar away from its 52-week high of $111.24. Cooperman has a position in this one as well.
Receptos Inc. climbed +10.36% and is up nearly +15% YTD. Farallon Capital has a small stake in the company.
Momo Tumbles on Earnings Report
Momo Inc. tumbled -12.83% after releasing its quarterly earnings report. Chase Coleman’s Tiger Global holds 1.75 million shares of the social networking platform.
Eclipse Resources Corporation fell -11.68% after reporting a $33 million loss for the fourth quarter. The Pennsylvania-based company said it had a loss of $21 per share. ECR is a Leon Cooperman holding.
Voltari Corp. dipped -10.3%, though it’s still up more than +35% for the year. The company has weighed Carl Icahn’s portfolio down in recent quarters.