Home Technology Troubles Continue as Wet Seal Dips Nearly -20%

Troubles Continue as Wet Seal Dips Nearly -20%

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Billionaire stock picks RadioShack Corporation (NYSE:RSH), LifeVantage Corp (NASDAQ:LFVN) and Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) are killing it on the market today. In the red this Thursday are E2open Inc (NASDAQ:EOPN), Cal Dive International, Inc. (NYSE:DVR) and The Wet Seal, Inc. (NASDAQ:WTSL).

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RadioShack Rebounds

RadioShack Corporation (NYSE:RSH) climbed +10.89% today, rebounding after yesterday’s -12% plunge. On Friday, company executives outlined a survival plan for the electronics retailer, but the outlook isn’t exactly good. A new Q2 acquisition for billionaire investor George Soros, RSH is down -67.95% year-to-date.


LifeVantage Corp (NASDAQ:LFVN), another second quarter buy for Soros, jumped +10.26%. The health and nutrition company is down -22.26% YTD, though it’s climbed +12.52% over the past five days.

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) has had a strong Thursday as well, its price surging +9.91%. Endo International agreed today to acquire the biopharmaceutical company in a deal worth $2.6 billion. Billionaire hedge fund manager John Paulson stands to make a gain off of the deal, as he purchased four million AUXL shares in Q1 2014. Auxilium has climbed +57.5% this year.

Wet Seal Stumbles Yet Again

E2open Inc (NASDAQ:EOPN) has had a rough go on the market this Thursday. Its price dipped -29.5% after the company issued third-quarter and full-year guidance that missed analysts’ expectations. EOPN has been in Wilbur Ross’ investment portfolio since the third quarter of 2012.

The share price of marine contracing company Cal Dive International, Inc. (NYSE:DVR) plunged -21.53%, putting its YTD performance at -70.9%. George Soros purchased 54,000 DVR shares in Q2 and is likely still waiting for a return on his investment.

The Wet Seal, Inc. (NASDAQ:WTSL) plummeted -19.34% today as it continues to struggle on the market. It hit a new 52-week low in September, and at the start of October, its CFO resigned (just two months after its CEO departed in August). As recently as yesterday, news broke that Clinton Group had reduced its WTSL stake by 17%. WTSL is yet another new Soros buy.


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