Red Dead Tease Has Take-Two in the Green, Plus 4 Other Hot Stocks

ICICI Bank Ltd (ADR) (NYSE:IBN) is trading up by 5% on Monday thanks to the banking company being likely to benefit from the Essar-Rosneft deal, which saw Russia’s Rosneft PJSC buy Essar Oil’s Vadinar refinery for $13 billion. The bank is expected to get a large chunk of its loans to Essar repaid thanks to the windfall, while the remaining portion of the debt is likely to be assumed by the buyer. Essar Group has approximately $17 billion in debt, with ICICI Bank being one of its largest lenders. 20 hedge funds in our database had long positions in ICICI Bank Ltd (ADR) (NYSE:IBN) on June 30, valued at $332 million.

Take-Two Interactive Software Inc. (NASDAQ:TTWO)‘s stock has shot up by 6% after the company teased a new game release from its Rockstar Games studio. The teaser image tweeted out is likely hinting at a sequel to the highly popular 2010 game ‘Red Dead Redemption’ and its lesser-known precursor Red Dead Revolver, the PS2 version of which just happened to get re-released on the PlayStation 4 last week. Red Dead Redemption sold over 14 million copies worldwide. 47 hedge funds that we track held about $989 million worth of Take-Two Interactive Software Inc. (NASDAQ:TTWO)’s stock at he end of June, accounting for almost 30.80% of its float.

Quality Systems Inc. (NASDAQ:QSII) is trading 8% in the green as speculation that the company is exploring a potential sale surfaced over the weekend. It is believed that the company has retained UBS for the purpose of vetting out potential deals. The company is also said to have made presentations to several suitors. 13 hedge funds in our database held about $27 million worth of Quality Systems Inc. (NASDAQ:QSII)’s stock as of the end of the June quarter.

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