Why Kohl’s, Himax, 21Vianet, YY Inc and Netflix Are Tumbling Today

21Vianet Hits 52-Week Low On High Options Activity

Shares of 21Vianet Group Inc (NASDAQ:VNET) are trading down by 10.6% on triple their regular volume, amid elevated put options activity, which is usually interpreted as a bearish signal. Also contributing to the tumble in the stock were news about China limiting reverse mergers. The stock is now trading below $13.40, very close to their 52-week low of $13.35, which was hit earlier today. In 21Vianet Group Inc (NASDAQ:VNET), 13 investors that we track held shares at the end of the last year. Lei Zhang‘s Hillhouse Capital Management closed its stake that had contained 2.12 million shares during the last three months of 2015.

YY Inc Buyout Offer Shelved

Another decliner on Thursday is YY Inc (ADR) (NASDAQ:YY), whose stock has lost 2.4%, following news that the group of investors interested in acquiring the company had put the $2.5 billion bid on hold, as the Chinese government tries to limit speculation in its markets – by increasing scrutiny on U.S. listed companies seeking to return to Chinese stock exchanges. YY Inc (ADR) (NASDAQ:YY) is another Chinese tech company that saw its popularity among hedge funds decline over the fourth quarter. After an 11% decline in the number of long positions, 16 funds from our database held shares heading into 2016.

Netflix Falls On Postponed Fee Hike

Finally, there’s Netflix, Inc. (NASDAQ:NFLX), which has slid by 4.1% so far today, amid talks that the company has delayed the anticipated increase in its subscription fee for ‘grandfathered users’ into June. The price was originally scheduled to rise today, to $9.99 a month from $7.99, but worries about users canceling their subscriptions (there has been a lot of discussion on the subject) seems to be impacting on the company’s decision. According to a Forbes article, nearly 70% of Netflix’s U.S. users (or roughly 46% of its global users) would be affected by the fee hike. Netflix, Inc. (NASDAQ:NFLX) is a popular stock in the hedge fund world, counting on 64 investors with long positions at the end of 2015. Their stakes accounted for more than 15% of the company’s float. A noteworthy position was that of Chase Coleman‘s Tiger Global Management, which disclosed ownership of 17.99 million shares, valued at more than $2 billion.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.