Bon-Ton Stores Inc. (NASDAQ:BONT), Straight Path Communications Inc. (NYSEMKT:STRP), Genetic Technologies Limited (NASDAQ:GENE) and Guess’ Inc. (NYSE:GES) are trading in positive territory as trading winds down this afternoon with the Thanksgiving holiday looming tomorrow. We’ll take a closer look at the news behind the strong performance of these stocks today and see how the funds from our database have been trading them of late.
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After announcing an exclusive online sale, Bon-Ton Stores Inc. (NASDAQ:BONT) found itself soaring by 36.93%. Bon-Ton Stores Inc. (NASDAQ:BONT), which offers national and private brand fashion apparel and accessories, as well as cosmetics and home furnishings, said the “Cyber Monday” sale will run from Sunday, November 29 through Monday, November 30. The deal allows customers to cut $50 off their online purchases of $100 or more. In addition, customers can use a 25% off savings pass on sale-priced merchandise and shop over 200 store-wide bonuses available in stores and online. Cyber Monday offers will be available through the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s, and Younkers brands.
Through the end of September, 8 funds out of the 730 in Insider Monkey’s database held 24.00% of the company’s outstanding shares. Top investor Brigade Capital, managed by Don Morgan, holds 1.8 million shares of Bon-Ton.
Straight Path Communications Inc. (NYSEMKT:STRP)’s shares have risen by 31.07% after the U.S Court of Appeals ruled in the company’s favor regarding a patent violation, rejecting a claim construction that had previously been central to the USPTO Appeal Board’s decision that went against Straight Path. That continues a good run for the stock this week that followed independent investor Lloyd Miller III revealing ownership of 854,784 shares or 7.5% of the company’s class B common stock. Separately, Straight Path Communications Inc. (NYSEMKT:STRP) notified its investors that it will hold its annual shareholder meeting on Tuesday, January 12, 2016.
According to Insider Monkey’s data, 13 funds that we track held 13.70% of the company’s outstanding stock through the end of September. Point State Capital, a fund managed by Zach Schreiber, holds 500,000 shares of Straight Path worth $20 million.