J C Penney Rallies on Holiday Sales Surprise

J C Penney Company Inc NYSE: JCP, Zafgen Inc NASDAQ: ZFGN and Tasman Metals Ltd NYSEMKT: TAS are nearing market close with significant gains this Wednesday. Posting losses today are Eclipse Resources Corp NYSE: ECR, Enphase Energy Inc NASDAQ: ENPH and EXCO Resources Inc NYSE: XCO.

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J C Penney

J C Penney Surges

J C Penney Company Inc NYSE:JCP approached market close up +19.89% for the day thanks to a pleasant surprise on holiday sales. The struggling retailer has gained more than +18% over the past month. Billionaire hedge fund manager Larry Robbins has had a JCP stake since 2012, though by the third quarter of 2014, he had shaved his position down to just 196,000 shares.

Zafgen Inc NASDAQ:ZFGN surged +16.88% on the heels of news of a successful mid-stage study on one of its obesity drugs. The biotech company was one of Farralon Capital's new third quarter acquisitions.

Tasman Metals Ltd NYSEMKT:TAS rallied +13.09% today, a day after joining the U.S. Critical Metals Institute. A junior resource company, Tasman is a long-time George Soros holding. It has climbed +10.52% over the past month.

Eclipse Resources Keeps Falling

Eclipse Resources Corp NYSE:ECR continues to tumble in the wake of Deutsche Bank's target price cut, today falling -12.01%. ECR has fallen -59.78% over the past month - meaning losses for billionaire shareholders Leon Cooperman and Richard Chilton.

Enphase Energy Inc NASDAQ:ENPH approached market close down -11.21%. Goldman Sachs began coverage of the stock today, issuing a sell rating and a price target of $12.94. Reports have also emerged of insider trading. Dan Loeb's Third Point Capital picked up a stake in ENPH during the second quarter of 2012 and has likely made a gain on the investment, given the stock's +80% climb since that time.

EXCO Resources Inc NYSE:XCO dipped -10.52%, putting its five-day loss at -28.36%. The Wilbur Ross holding has fallen -36.14% over the past three months.
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-By iBillionaire

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