Why These 5 Stocks Are Being Pushed Higher Today

Next on our list is Pearson PLC (ADR) (NYSE:PSO), whose stock is well in the green after CEO John Fallon spoke on “Bloomberg Markets”, saying that the firm will start a reorganization program that will reduce its workforce by 4,000 jobs, about 10% of its workforce.

Pearson PLC (ADR) (NYSE:PSO) also lost popularity among the investors that we track in the third quarter. Four funds held shares of the company on September 30, down by five, and they amassed only 0.2% of the float.  Among them, Jim Simons‘ Renaissance Technologies was the largest shareholder, reporting ownership of 1.06 million shares in its latest 13F filing.

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FARO Technologies, Inc. (NASDAQ:FARO) shares have advanced by 15% today after a couple of positive analyst updates. Analysts at Needham & Company LLC and Stephens upgraded the computer security company to ‘Buy’ from ‘Hold’, and to ‘Overweight’ from ‘Equal Weight’, respectively. Chuck Royce‘s Royce & Associates was the largest shareholder of Faro Technologies in our system on September 30, with 583,600 shares valued at $20.43 million.

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