A Look at Today’s Trending Stocks: Phillips 66 (PSX), Amazon.com, Inc. (AMZN) & More

Whole Foods Market, Inc. (NASDAQ:WFM) is 1% in the green today after the grocery chain opened its third 365 outlet. Whole Foods’ new 365 store, which sells around 7,000 products, versus the 25,000 products sold in normal Whole Foods’ stores, is part of the management’s hope of turning around the company and increasing its profits. Shares of Whole Foods Market, Inc. (NASDAQ:WFM) have fallen by 15% year-to-date and trade close to their 52 week low. Hedge fund sentiment in the stock has been relatively stable. 26 funds tracked by Insider Monkey reported long positions in Whole Foods Market, Inc. (NASDAQ:WFM) at the end of June, up 1 from the previous quarter.

Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) bulls are happy today as shares are up by over 8% after the FDA approved YOSPRALA for the secondary prevention of cardiovascular and cerebrovascular events in patients at risk for aspirin-associated gastric ulcers. Due to the FDA’s approval, Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) plans to increase its sales force by 85 to 110, and to commercially launch the product in the US during the first week of October. According to our data, 20 funds owned $65.24 million worth of Aralez Pharmaceuticals Inc (NASDAQ:ARLZ)’s shares, which represented almost a third (30.90%) of the outstanding stock at the end of June.

Platform Specialty Products Corp (NYSE:PAH) shares have retreated by almost 8% after after the company commenced a public offering of $350 million shares worth of common stock. Platform intends to use the money raised for general corporate purposes. The pricing and terms of the offering were not revealed in the initial press release. Bill Ackman’s Pershing Square owned 42.7 million shares of Platform Specialty Products Corp (NYSE:PAH) at the end of the second quarter.

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