Exide Technologies (NASDAQ:XIDE) investors should be aware of an increase in enthusiasm from smart money of late.
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Consequently, let’s take a peek at the key action regarding Exide Technologies (NASDAQ:XIDE).
Hedge fund activity in Exide Technologies (NASDAQ:XIDE)
Heading into Q2, a total of 14 of the hedge funds we track were long in this stock, a change of 8% from the first quarter.
As industrywide interest jumped, specific money managers were breaking ground themselves. Tudor Investment Corp, managed by Paul Tudor Jones, assembled the most outsized position in Exide Technologies (NASDAQ:XIDE). Tudor Investment Corp had 0.1 million invested in the company at the end of the quarter. Thomas Bailard’s Bailard Inc also made a $0.1 million investment in the stock during the quarter. The only other fund with a brand new XIDE position is Israel Englander’s Millennium Management.
What have insiders been doing with Exide Technologies (NASDAQ:XIDE)?
Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the latest half-year time period, Exide Technologies (NASDAQ:XIDE) has seen 1 unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Exide Technologies (NASDAQ:XIDE). These stocks are Electro Scientific Industries, Inc. (NASDAQ:ESIO), Skullcandy Inc (NASDAQ:SKUL), Capstone Turbine Corporation (NASDAQ:CPST), LSI Industries, Inc. (NASDAQ:LYTS), and Coleman Cable, Inc. (NASDAQ:CCIX). This group of stocks belong to the industrial electrical equipment industry and their market caps are similar to XIDE’s market cap.