Pandora Media, Inc. (P) stock has soared by nearly 70% in 2018. In the middle of September Sirius XM Holdings, Inc. (SIRI) announced it would buy the streaming music company for $3.5 billion in an all-stock transaction.
Whale Wisdom added Pandora’s stock to the WhaleWisdom 100 Index on August 15. That was when 13F filings revealed that institutional investors were purchasing the shares of Pandora during the second quarter of 2018. Over the past year, the WhaleWisdom 100 Index has increased by nearly 10% almost double the pace of the S&P 500.
Mellanox Technologies Ltd.’s (MLNX) stock has been on a bull run over the past year. The shares have more than doubled, easily beating the S&P 500’s return of 6%. The strong performance is a result of the company’s ability to gain market share with its high-speed Ethernet adaptors, switches, and cables. It has led analysts to boost their earnings and revenue outlooks for the company over the course of 2018.
Alkermes PLC.’s (ALKS) stock has fallen by 21% in 2018 easily underperform the S&P 500 which has a gain of 4%. However, the next few weeks may prove to be pivotal for the company. The company is due to go in front of an FDA advisory panel seeking FDA approval for its depression drug.
This past week Bill Ackman’s Pershing Square revealed at the Grant’s Fall Conference a 1.1% stake in Starbucks Corp. (SBUX). However, the hedge fund’s performance has been less than inspiring in recent years with big flops along the way.
Hedge Funds were dumping Twitter in enormous quantities in the second quarter. To what should be no surprise, the stock has fallen by more than 27% from its June highs. Shares of the social media company fell hard after reporting monthly active users fell in the second quarter. Investors took little comfort in the company […]