Why Are These Five Stocks Trending Today?

Next on our list is Fairchild Semiconductor Intl Inc (NASDAQ:FCS), whose shares are 3.3% in the green following the announcement that the company has received a revised acquisition offer of $21.70 per share cash and states that it will  “carefully review and consider” this offer, which values the company’s equity at $2.46 billion. In November, the company signed a plan of merger with ON Semiconductor Corporation, under the terms of which a subsidiary of ON Semiconductor agreed to acquire Fairchild at $20.00 per share.

Fairchild Semiconductor Intl Inc (NASDAQ:FCS) registered a decrease in popularity among the funds we track, with 14 investors holding long positions versus 20 funds in the previous quarter. Chuck Royce‘s Royce & Associates is the largest shareholder with 1.64 million shares, valued at $23.0 million at the end of September.

Finally, among the trending securities today are Schlumberger Limited. (NYSE:SLB) and ConocoPhillips (NYSE:COP), whose shares are in the red on the back of a drop in oil prices. Yesterday, the American Petroleum Institute (API) published weekly data showing that the crude oil inventory rose 2.9 million barrels last week.

According to our database, 61 hedge funds were long Schlumberger Limited. (NYSE:SLB) while 44 funds held shares of ConocoPhillips (NYSE:COP) at the end of the third quarter.

Disclosure: none