DSW, 3D Systems Tank Midday

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Datawatch Corporation (NASDAQ:DWCH), Neuralstem, Inc. (NYSEMKT:CUR) and Fate Therapeutics Inc (NASDAQ:FATE) started this Wednesday off strong and are today’s top midday gainers. On the losing end are DSW Inc. (NYSE:DSW), 3D Systems Corporation (NYSE:DDD) and International Tower Hill Mines Ltd (NYSEMKT:THM).

New George Soros Picks DWCH, CUR Soar

The share price of Datawatch Corporation (NASDAQ:DWCH) surged +12.81% early in the day. The visual data discovery solutions provider announced today that it has joined the International Internet Consortium (IIC), and yesterday, news emerged that company CFO James Eliason had purchased an additional 8,500 DWCH shares. Billionaire investor George Soros initiated a position in the company in the first quarter of this year.

Neuralstem, Inc. (NYSEMKT:CUR) jumped +9.65% midday today. ING Group recently raised its price objective for the medical research company, also a new Q1 pick for Soros, from $4.50 to $6.00.

Also having a solid start to the day is Fate Therapeutics Inc (NASDAQ:FATE), the price of which shot up +7.55%. A Thomas Steyer holding, the biotech firm reported its first quarter results on May 13th and has remained quite steady since then, up just +1.01%.

DSW Takes a Dive

Footwear giant DSW Inc. (NYSE:DSW) tanked on the market today, its asset price falling -27.46%. The explanation? The company missed the mark on its first quarter fiscal results and lowered its full-year earnings forecast as well. DSW now anticipates full-year per-share earnings of $1.45 to $1.60 – a significant downgrade from the $1.90 estimated by analysts. Billionaire investors Steve Mandel and Richard Chilton have positions in DSW.

3D Systems Corporation (NYSE:DDD) dipped -10.68% after yesterday’s after-hours announcement of a secondary offer of its common stock. The 3D printing company is expected to raise around $335 million through the move, which will dilute existing shareholders by 5.7%. The Tiger Global pick is down -45.02% YTD.

International Tower Hill Mines Ltd (NYSEMKT:THM) fell -10.24 midday today. The company has had a bit of a rough run in recent weeks, its price falling -29.78% over the past month -23.18% over the last five days alone. Billionaire John Paulson has maintained a position in the firm across several quarters.

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