Although the broader markets are relatively flat, with the Dow Jones down 18 points, the NASDAQ index off by 0.12%, and the S&P 500 trading 0.04% in the green, shares of five companies, Inventergy Global Inc (NASDAQ:INVT), MGT Capital Investments Inc. (NYSEMKT:MGT), Buckle Inc (NYSE:BKE), Whole Foods Market, Inc. (NASDAQ:WFM), and Kroger Co (NYSE:KR) are each showing considerably more volatility than usual.
In this article, we will take a look at the latest developments surrounding each stock and will assess the hedge fund sentiment towards them.
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Nano-cap Inventergy Global Inc (NASDAQ:INVT) shares are off by 33% in afternoon trading after the company announced the pricing of its $6 million offering. According to a press release, Inventergy has priced the cost of one share and one warrant at $1, with the warrant having an exercisable period of five years and an exercise price of $1 per share. Inventergy intends to use the net proceeds to redeem a portion of its preferred stock and to fund its operations. Among the funds we track, Adam Wright and Gary Kohler’s Blue Clay Capital and Michael Novogratz’s Fortress Investment Group held 109,800 shares and 50,000 shares of Inventergy Global Inc (NASDAQ:INVT) at the end of June.
MGT Capital Investments Inc. (NYSEMKT:MGT) is 11% in the red as the sentiment around the stock remains bearish due to the lack of readily identifiable positive catalysts in the near term. In addition to the lack of catalysts, technical selling could also have something to do with today’s price action, as the stock recently failed to hold the key $2 per share mark. The number of funds from our database with holdings in MGT Capital Investments Inc. (NYSEMKT:MGT) rose by three quarter-over-quarter to four at the end of June.
On the next page, we are going to analyze the news surrounding Buckle Inc (NYSE:BKE), Whole Foods Market, Inc. (NASDAQ:WFM), and Kroger Co (NYSE:KR).