Sep 4, 2014
Midday Gainers & Losers (9/4/2014)
UTi Worldwide Inc. (NASDAQ:UTIW), Flexion Therapeutics Inc. (NASDAQ:FLXN) and PVH Corp. (NYSE:PVH) are today’s top-gaining billionaire stock picks midday. On the losing end are Kamada Ltd. (NASDAQ:KMDA), Ciena Corporation (NYSE:CIEN) and Coronado Biosciences Inc. (NASDAQ:CNDO).
UTi Worldwide Inc. reached midday posting a +14.33% gain for the day. This morning, the company reported fiscal 2015 second quarter results, including a -3.4% decrease in revenues and net loss of $16.3 million. Although it missed analysts’ expectations, investors were apparently largely unfazed by the news. As of the second quarter of this year, Tiger Global holds 5.13 million UTIW shares. The stock is down -40.66% year-to-date.
