Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

What’s the Deal With These Four Sinking Stocks?

Page 1 of 2

ImmunoGen Inc. (NASDAQ:IMGN), Vipshop Holdings Limited (NYSE:VIPS),  Urban Outfitters Inc. (NASDAQ:URBN), and TerraForm Power Inc. (NASDAQ:TERP) are riding the wrong way on the valuation course today, going against the tide as their shares are falling today due to various reasons. Let’s take a closer look at the news behind the performance of these stocks today and see how the funds from our database have been trading them.

Solar Energy SunEdison SUNE

We pay attention to hedge funds’ moves because our research has shown that hedge funds are extremely talented at picking stocks on the long side of their portfolios. It is true that hedge fund investors have been underperforming the market in recent years. However, this was mainly because hedge funds’ short stock picks lost a ton of money during the bull market that started in March 2009. Hedge fund investors also paid an arm and a leg for the services that they received. We have been tracking the performance of hedge funds’ 15 most popular small-cap stock picks in real time since the end of August 2012. These stocks have returned 102% since then and outperformed the S&P 500 Index by around 53 percentage points (see the details here). That’s why we believe it is important to pay attention to hedge fund sentiment; we also don’t like paying huge fees.

Clinical-stage biotechnology company ImmunoGen Inc. (NASDAQ:IMGN) began the week in a losing way, despite being named as one of The Boston Globe’s Top Places to Work. The recognition was given to the Massachusetts-based company for the third consecutive year. The Boston Globe’s Top Places to Work identifies companies admired in the state through a confidential survey conducted by a third-party. It’s unclear what specific catalyst, if any, has led to shares declining by over 6% today. A total of 14 hedge funds out of the 730 in our database held 9.40% of ImmunoGen Inc.’s (NASDAQ:IMGN) outstanding stock at the end of June.

Shares of Vipshop Holdings Limited (NYSE:VIPS) have withdrawn by 9.04% today after weaker-than-expected preliminary third quarter earnings were announced, along with downgrades from CLSA, Morgan Stanley, and Bank of America. CLSA downgraded Vipshop Holdings to “Underperform”, Morgan Stanley downgraded the company to “Equal Weight”, and Bank of America lowered its rating to “Neutral” following the release of the preliminary results. Vipshop Holdings Limited said it expects its total net revenue to grow by up to 63%, to RMB8.6 billion ($1.35 billion)-to-RMB8.7 billion ($1.37 billion) for the quarter, compared to the RMB9.1 billion ($1.43 billion)-to-RMB9.3 billion ($1.46 billion) it had previously forecast. The results remain subject to change based on management’s ongoing review of its third quarter results the company said in a Form 6-K filed today.

A total of 54 funds in our database held 17.00% of Vipshop Holdings Limited’s (NYSE:VIPS) outstanding stock on June 30.

On the next page we take a look at the latest developments concerning two more companies and their stocks.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!