Why Are Investors Bidding Up These Five Stocks Today?

FXCM Inc (NYSE:FXCM) is another stock that is currently experiencing a short squeeze, as shares of the company rallied by another 17% today on the strength of forced buy-ins and technical buying. FXCM Inc (NYSE:FXCM) shares recently closed above a key technical moving average and speculators are betting that the brokerage’s momentum will continue. As of the end of the third quarter, Five funds from our database owned $5.24 million worth of FXCM shares, or roughly 11.4% of the float. Of the five elite funds, Jim Simons’ Renaissance Technologies is the most noteworthy with a reported holding of 75,300 shares.

In other news, Triumph Group Inc (NYSE:TGI) shares are trading 13% higher after the company announced Daniel J. Crowley will replace founder Richard C. Ill as CEO as of January 4, 2016. Crowley has substantial management experience, as he ran two multi-billion dollar businesses in Raytheon before joining Triumph Group. Mr. Crowley said:

“I am deeply honored to succeed Rick as Triumphs next President and CEO. Triumph has emerged as a critical supplier and partner to virtually all Tier 1 aerospace and defense OEMs that demand the highest level of quality, affordability and on-time delivery. I look forward to leveraging our comprehensive capabilities and talented workforce to deliver on customer commitments, support Triumphs and our customers growth objectives, and drive shareholder value.”

On the back of the new CEO announcement, the analysts at Cowen upgraded Triumph Group Inc (NYSE:TGI) to ‘Market Perform’ from ‘Underperform’.

Concluding our list of hot stocks for today is Rewalk Robotics Ltd (NASDAQ:RWLK), whose shares are 3.67% in green as the stock continues to benefit from the momentum given to it after the U.S. Department of Veterans Affairs (VA) agreed to pay for Rewalk Robotics Ltd (NASDAQ:RWLK)’s exoskeleton systems to help qualifying veterans walk and improve their quality of life. Just two funds among those we track amassed $658,000 worth of Rewalk Robotics shares at the end of September.

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