Why Are These Five Stocks Sinking Today?

Collegium Pharmaceutical Inc (NASDAQ:COLL) is another company that is losing ground today on the back of a $55 million equity offer. The company prices its public offering of 2.75 million shares at a price of $20.00 per share (before expenses). Collegium Pharmaceutical Inc (NASDAQ:COLL) also gained popularity in the third quarter and, out of the 730 funds that we track, 10 funds held shares on September 30, amassing 26.9% of the float.

Finally, among the losers today are Kinross Gold Corporation (USA) (NYSE:KGC) and Barrick Gold Corporation (USA) (NYSE:ABX), whose shares are currently down by 4% and 3%, respectively, on the back of a fall in gold prices. The U.S. economy gained about 292,000 jobs in December, above market expectations. The news, combined with positive news from China, gave investors more confidence in the stock market and sent the precious metal trading lower by around 0.4% on the COMEX today.

During the third quarter, Kinross Gold Corporation (USA) (NYSE:KGC) registered a decrease in popularity among the funds we track, with 21 investors holding long positions at the end of September, versus 23 funds a quarter earlier, amassing around 7.5% of its outstanding stock. David Iben‘s Kopernik Global Investors is the largest shareholder with 30.98 million shares, valued at $53.28 million at the end of September.

Barrick Gold Corporation (USA) (NYSE:ABX) also witnessed a slight decrease in popularity, with 40 investors holding long positions at the end of September, compared to 42 funds in the previous quarter. Among them, First Eagle Investment Management was the largest shareholder, reporting 27.85 million shares in its latest 13F filing.

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