Bankruptcy Filing Fallout Continues for NII Holdings

Corinthian Colleges Inc NASDAQ: COCO, Rock Creek Pharmaceuticals Inc NASDAQ: RCPI and dELiA*s, Inc. NASDAQ: DLIA are today's top-gaining stocks. The losers are NII Holdings Inc NASDAQ: NIHD, Tasman Metals Ltd NYSEMKT: TAS and Enzon Pharmaceuticals Inc NASDAQ: ENZN.

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NII Holdings

Corinthian Colleges Climbs

Corinthian Colleges Inc ( COCO) climbed +44.36% today. The for-profit education chain came under fire this week for its loan and debt-collection practices and despite today's climb has had a rough go in 2014. It closed the day at $0.05 - well below its 52-week high of $2.54. COCO is a new Q2 buy for George Soros.

Rock Creek Pharmaceuticals Inc ( RCPI), also a new Soros buy, surged +24.48% this Friday. Its price has increased +22.22% over the past five days.

Taking the last spot on today's list of gainers is dELiA*s, Inc. ( DLIA), the share price of which jumped +23.4% to $0.31. DLIA grazed its 52-week low early this week but has rebounded. Tiger Global purchased 3.4 million of the company's shares during the fourth quarter of 2013 and has likely posted a loss on this one, with DLIA shares down -64.76% YTD.

NII Holdings Plunges

NII Holdings Inc ( NIHD) fell -33.33% today, hitting its 52-week low of $0.07. A bankruptcy protection filing rocked the company this week, sending its share price down nearly 50% over the past five days. NIHD is a new Q2 Soros buy.

The share price of Tasman Metals Ltd NYSEMKT:TAS fell -15.63% this Friday. Billionaire investor George Soros has held 1.7 million TAS shares since the fourth quarter of 2011 and is yet to make a gain on the mineral exploration company.

Enzon Pharmaceuticals dipped -14.29%, bringing its five-day loss to one of -34.55%. Soros initiated a stake in the company during the second quarter of this year, and Carl Icahn has had an ENZN position across various quarters.

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The post Bankruptcy Filing Fallout Continues for NII Holdings appeared first on ValueWalk.

-By iBillionaire

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