Corinthian Colleges Inc (NASDAQ:COCO), dELiA*s, Inc. (NASDAQ:DLIA) and BioFuel Energy Corp. (NASDAQ:BIOF) are on the upswing this Friday. In the red are Repros Therapeutics Inc (NASDAQ:RPRX), KiOR Inc (OTCMKTS:KIOR) and Alpha Natural Resources, Inc. (NYSE:ANR).
Carlson Capital's Double Black Diamond Fund returned 85 basis points net in August, bringing its year-to-date net return to 4.51%. According to a copy of the fund's September update, which ValueWalk has been able to review, its equity relative value and event-driven strategies outperformed during the month, contributing 131 basis points to overall P&L. Double Read More
BioFuel Energy Jumps
Corinthian Colleges Inc (NASDAQ:COCO) climbed +45.56% early in the day this Friday, putting its five-day gain at +97.57%. It has rallied significantly following a SEC filing disclosing that it has entered into a Forbearance and Consent Agreement, data as of October 10th. This comes as good news for billionaire investor George Soros, who purchased 69,000 COCO shares in Q2.
The share price of dELiA*s, Inc. (NASDAQ:DLIA) surged +20.77% today, though it has still lost more than -80% year-to-date. Tiger Global is looking for a turnaround on this one.
BioFuel Energy Corp. (NASDAQ:BIOF) got a +12.9% boost this morning. One of the most successful stock picks of both Dan Loeb and David Einhorn in 2014, BIOF is up more than +380% YTD.
Repros Therapeutics Plunges on Drug Application Setback
Repros Therapeutics Inc (NASDAQ:RPRX) reached midday down -36.11% – the result of news today of a setback in one of its drug applications. It’s been a tough year for the Farallon Capital pick, which is down -64.37% YTD and -49.38% over the past month.
KiOR Inc (OTCMKTS:KIOR) dipped -13.58% today, putting its year-to-date loss at -95.83%. It’s trading extremely close to its 52-week low of $0.06. KIOR is a new Q2 buy for George Soros.
The share price of Alpha Natural Resources, Inc. (NYSE:ANR) fell -10.04% today. On Wednesday, Bank of America reiterated an underperform rating on the stock, though others consider it a hold. Brazilian billionaire initiated a position in the coal company during the first quarter of this year, and as of Q2, he holds 800,000 ANR shares.