Kamada Plunges Following Missed Marks in Trial

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.

Kamada

UTi Worldwide Climbs Despite Disappointing on Results

UTi Worldwide Inc. ( UTIW) 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.

The share price of Flexion Therapeutics Inc ( FLXN) climbed +10.77% this Thursday. Yesterday, the specialty pharmaceutical company announced plans to initiated a Phase 3 clinical trial for one of its products in late 2014. Billionaire investor George Soros initiated a position in Flexion during the first quarter of this year and maintained his 30,000 assets in Q2.

Also having a strong start to the day is PVH Corp ( PVH), up +10.22% midday. The apparel and footwear maker released earnings data Wednesday, beating analysts' EPS estimate by $0.09. PVH is a long-time Leon Cooperman pick, as the billionaire has had a stake in the company since the fourth quarter of 2011. The company's share price has climbed +19.18% over the past month.

Kamada Plummets Following Failed Trial

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