Bitauto Continues 2015 Struggle

Laredo Petroleum Inc. NYSE:LPI, Denbury Resources Inc. NYSE:DNR and Sanchez Energy Corp. NYSE:SN are approaching market close with big gains this Monday. Starting off the week in the red are Applied Micro Circuits Corporation NASDAQ:AMCC, Bitauto Holdings NYSE:BITA and Unwired Planet Inc. NASDAQ:UPIP.

Sign up for our free newsletter

Bitauto

Rallying Oil Prices Spur Surge for Laredo, Denbury

Laredo Petroleum surged +17.84% today thanks to rallying oil prices. The independent energy company, one of Richard Chilton's holdings, has declined -54.02% over the past year.

Denbury Resources climbed +11.67%, putting its one-week gain at +14.12%. The stock's surge is also the result of increasing oil prices. Billionaire Leon Cooperman has held a stake in the firm since early 2010, and Ray Dalio has a DNR position as well.

Sanchez Energy surged +11.04% after providing an update for its fourth quarter and full year 2014 operations and year-end 2014 reserves. An independent exploration and production company, Sanchez has been among George Soros' holdings since the second quarter of last year. The stock's price has fallen -58.29% over the past six months.

Bitauto Tumbles

Applied Micro Circuits Corporation tumbled -9.33%, putting its YTD performance at -27.38%. Zacks reaffirmed its neutral rating on the stock just last week. Julian Robertson has had a stake in the firm since the fourth quarter of 2013.

Bitauto Holdings fell -6.42% this Monday, putting its one-month loss at -25.11%. The China-based content and marketing services provider is one of Tiger Global's major holdings, as the firm holds more than 6.5 million BITA shares.

Unwired Planet dipped -5.76% and is trading about $0.13 away from its 52-week low of $0.80. The intellectual property and technology licensing company has been in George Soros' portfolio since the second quarter of 2012.
Download PDF

The post Bitauto Continues 2015 Struggle appeared first on ValueWalk. Sign up for our free newsletter

-By iBillionaire

More from Stocks

Famed Chartist Marc Chaikin Gives Jim Cramer His Top Picks This Wednesday

Famed Chartist Marc Chaikin Gives Jim Cramer His Top Picks This Wednesday

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

Here's Why Sears Stock Got Slammed Again

Here's Why Sears Stock Got Slammed Again

Tesla's Suppliers Worry About Whether They'll Be Paid

Tesla's Suppliers Worry About Whether They'll Be Paid

Dow Leads Gains as Stocks End Higher

Dow Leads Gains as Stocks End Higher