Williams-Sonoma Stumbles After Yesterday's Surge

Repros Therapeutics Inc NASDAQ: RPRX, Aquinox Pharmaceuticals Inc NASDAQ: AQXP and Signet Jewelers Ltd. NYSE: SIG are today's top-gaining billionaire stock picks midday. The losers are Williams-Sonoma, Inc. NYSE: WSM, Bio-Reference Laboratories Inc NASDAQ: BRLI and Violin Memory Inc NYSE: VMEM.

Williams-Sonoma

Repros Therapeutics Soars on Data Reports

Repros Therapeutics Inc ( RPRX) reached the middle of the day up +19.11% this Thursday after reporting positive top line data on one of its products. Farallon Capital initiated a position in the biopharmaceutical company during the first quarter of 2013 and holds 700,000 RPRX shares as of the second quarter of this year. Repros has gained +19.13% YTD.

The share price of Aquinox Pharmaceuticals Inc ( AQXP) climbed +9.05% today - largely the result of a jump in trading volumes. On the 12 th of August, the Farallon Capital pick released earnings data, missing the mark on per-share earnings by $0.24. Despite today's jump, Aquinox is down -37.29% year-to-date.

Up +6.69% midday, Signet Jewelers Ltd. ( SIG) takes the last spot on today's list of gainers. The explanation? Reports of a 39% revenue increase in Q2 thanks to its Zale acquisition earlier this year. Billionaire investor Richard Chilton increased his SIG allocation to 400,000 assets in the second quarter of the year, and Farallon Capital initiated a position of nearly 700,000 shares.

Williams-Sonoma Dives After Yesterday's High

Williams-Sonoma, Inc. ( WSM) dipped -10.78% early in the day today, just one day after hitting a 52-week high. The company met expectations for quarterly results but issued a weak guidance for Q3. Steve Mandel initiated a position in the home products retailer during the second quarter of this year.

Bio-Reference Laboratories Inc ( BRLI) fell -8.54% midday following its quarterly results report yesterday. Still up +15.98% for the year, the clinical testing lab has been in the Tiger Global portfolio since the second quarter of 2013.

Violin Memory Inc ( VMEM) hit midday with a loss of -8% on the day. The company beat analysts' EPS estimates with its quarterly results release yesterday but suffered as both Bank of America and Pacific Crest reiterated underperform ratings on the stock. The George Soros pick is down -44.87% over the past year.

The post Williams-Sonoma Stumbles After Yesterday’s Surge appeared first on ValueWalk.

-By iBillionaire

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever