5 High-Volume Gainers That Are Capturing Attention Today

Traders Becoming More Optimistic on Cloud Peak

Cloud Peak Energy Inc. (NYSE:CLD) is perhaps indirectly benefiting from the higher crude prices. Although it doesn’t produce oil or gas, coal prices could rise if gas prices rise. Natural gas prices have increased recently from their lows and could benefit from the higher crude prices if the perceived correlation between the two strengthens. Given that one-quarter of Cloud Peak Energy Inc. (NYSE:CLD)’s shares are short, a short squeeze might also have something to do with today’s rally. Ten funds that Insider Monkey tracks owned 8.9% of Cloud Peak’s shares as of December 31.

MaxLinear Ups Guidance

MaxLinear, Inc. (NYSE:MXL) shares have rallied by 7.44% today after the company positively revised its first quarter outlook. MaxLinear anticipates its gross profit percentage to exceed prior guidance by around 200 basis points and for operating expenses to be $1 million less than previously indicated. Revenue for the quarter is still expected to be between $102 million and $103 million. Management offered the following commentary in a press release disclosing the update:

“As we have seen strength across our business with continued strong booking trends, we are pleased to reiterate our revenue outlook for the first quarter 2016. Additionally, continued supply chain efficiencies, particularly in our Entropic business, favorable mix, and tight expense control yielded better-than-expected gross profit and operating expense results.”

George Soros’ Soros Fund Management owned more than 1.3 million shares of MaxLinear, Inc. (NYSE:MXL) at the end of the fourth quarter.

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