Why These Five Stocks Are on the Move Today?

Rayonier Advanced Materials Inc (NYSE:RYAM)‘s stock has surged by nearly 28% on the back of the company reporting EPS of $0.36 more than doubled compared to estimates of $0.15, while its revenue of $218 million inched down by 2%, but was higher than the expected $208 million. The producer of cellulose specialties said in a statement that it had renegotiated contracts with its three largest customers through the next three years as it expects cellulose prices to fall between 6% and 7% this year and sales volumes to slide 4% to 5%. Nevertheless, Rayonier Advanced Materials Inc (NYSE:RYAM) has raised its full-year guidance for pro forma EBITDA by $10 million and expects it in the range of $185 million to $200 million, while adjusted free cash flow guidance is between $85 and $95 million. Among the funds we track, 18 investors amassed over 7% of Rayonier Advanced Materials Inc (NYSE:RYAM)’s stock heading into 2016.

Finally, shares of Cognex Corporation (NASDAQ:CGNX) have appreciated by 15% after the company posted EPS of $0.17, beating the estimates of $0.11, while the revenue of $96.20 million was better than the $93.06 million figure expected by analysts. However, in annual terms, Cognex Corporation (NASDAQ:CGNX)’s revenue declined by 5%, while EPS fell by 23%. For the current quarter, Cognex said it expects revenue in the range of $135 million to $140 million and gross margin in the mid-to-high 70% range, compared to 78% in the last two quarters. A total of 13 funds among those we track reported holding shares of Cognex Corporation (NASDAQ:CGNX) as of the end of 2015, including Chuck Royce’s Royce & Associates, which owned 2.72 million shares.

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