LinkedIn Rides Results Report Wave

Imperva Inc NYSE: IMPV, Spansion Inc. NYSE: CODE and LinkedIn Corp NYSE: LNKD are finishing the week strong and making significant gains this Friday. Moving in the opposite direction are Audience Inc NASDAQ: ADNC, Tempur Sealy International Inc NYSE: TPX and Kinross Gold Corporation NYSE: KGC.

Sign Up For Our Free Newsletter

LinkedIn

LinkedIn Gains

Imperva Inc ( IMPV) climbed +25.53% early in the day, soaring to a six-month high following its third quarter report. The data security solutions company, a new second quarter acquisition for billionaire investor George Soros, has climbed +82.68% over the past three months.

Flash memory products designer Spansion Inc. ( CODE) got a +19% boost this Friday after meeting analysts' earnings expectations for Q3. The company reported $0.27 in EPS, as anticipated. In Soros' investment portfolio since the first quarter of the year, CODE has gained +42.26% in 2014.

Professional social network LinkedIn Corp ( LNKD) gained +11.77% thanks to significant growth in membership and sales, reported yesterday. During the second quarter of the year, George Soros purchased 75,000 LNKD shares, and during the same period, Ray Dalio reduced his stake to one of 2,000 shares. LinkedIn has gained +25.61% over the past three months.

Audience Inc. Plummets

The share price of Audience Inc ( ADNC) plunged -40.56% in the wake of its quarterly results report. A provider of voice and audio processors, ADNC has been in George Soros' portfolio since the fourth quarter of 2013. Its price has declined -70.45% year-to-date.

Tempur Sealy International Inc ( TPX) tumbled -12.03% this Friday - the result of the mattress giant's results report, which revealed a drop in profits caused by high acquisition costs. Billionaire investor David Einhorn initiated a position in the company in Q3 2013 and as of Q2 2014 holds 1.8 million TPX shares. Tempur Sealy has gained +34.08% in the past year.

Kinross Gold Corporation ( KGC) posted an -11.71% loss today, putting its five-day performance at -18.27%. The gold mining company hit a 52-week low just yesterday. Ray Dalio has had KGC in his holdings since the fourth quarter of 2012.

The post LinkedIn Rides Results Report Wave appeared first on ValueWalk.

-By iBillionaire

More from Stocks

FedEx Tanks After It Fails to Deliver on Earnings

FedEx Tanks After It Fails to Deliver on Earnings

FedEx's Free Cash Flow Offers a Positive Signal for a Sagging Stock

FedEx's Free Cash Flow Offers a Positive Signal for a Sagging Stock

Dow, Stocks Shrug Off Trade War Escalation, End Higher

Dow, Stocks Shrug Off Trade War Escalation, End Higher

Chart of the Day: How Tariff Talk Hurts FedEx Stock

Chart of the Day: How Tariff Talk Hurts FedEx Stock

Experts Are High on Cannabis Stocks' 2019 Prospects

Experts Are High on Cannabis Stocks' 2019 Prospects