Here’s Why These Five Stocks Are Trading Higher Today

Silicon Graphics International Corp (NASDAQ:SGI) is trading almost 29% higher following the release of the company’s results for the fourth quarter of fiscal 2016. The company reported revenue of $123 million, versus $120.69 million expected by analysts, while EPS of $0.08 topped the estimates by $0.07. The number of investors followed by our team that held shares of Silicon Graphics International Corp (NASDAQ:SGI) decreased to four from seven during the first quarter.

Delek US Holdings, Inc. (NYSE:DK) is trading up by 13.57% after the New York Post reported that CVR Energy, Inc. (NYSE:CVI) is planning to make an offer to acquire Delek. The reports also stated that Billionaire Investor Carl Icahn, who owns a controlling stake in CVR Energy and sits on the board, is also interested in building a personal stake in Delek. Heading into the second quarter, 18 funds tracked by Insider Monkey were bullish on Delek US Holdings, Inc. (NYSE:DK).

Finally, SunRun Inc (NASDAQ:RUN) is 17% in the green after the company posted second-quarter revenue of $122.54 million, above the consensus estimate of $111.15 million, while EPS of $0.31 topped the expected loss of $0.40. The company said its total deployments stood at 65 MW in the quarter, which represented an increase of 54% year-on-year, while net bookings stood at 74 MW and went up by 21% on the year. Among the funds we track, 13 funds held shares of SunRun Inc (NASDAQ:RUN) at the end of March.

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