Deere & Company (DE), Gas Natural Inc. (EGAS) & More: Why These Stocks are Trending Today

Exelixis Inc. (NASDAQ:EXEL) is around 3% in the green after the company announced positive results from the Phase 2 trial of Cabosun in patients with previously untreated advanced renal cell carcinoma. According to the company, the trial showed a statistically significant and clinically meaningful 31% reduction in the rate of disease progression or death of patient under study. A total of 21 funds from our database have positions in Exelixis Inc. (NASDAQ:EXEL) worth around $225 million in aggregate as of the end of June, which is higher compared to $60.9 million held by 17 hedge funds at the end of June.

Calpine Corporation (NYSE:CPN) stock has gained some 3% so far today amid news that the company is buying North America energy distribution unit from Noble Group. The deal, expected be closed in December, is priced at $800 million plus the repayment of working capital of Noble Americas Energy Solutions to Noble Group. Among the funds we track, 32 funds hold about $988 million worth of Calpine Corporation (NYSE:CPN) stock as of the end of June, versus 36 funds holding stock worth $865 million at the end of March.

Panera Bread Co (NASDAQ:PNRA) stock has inched up by more than 2% after analysts at Longbow Research upgraded the stock to ‘Buy’ from ‘Neutral’. The analysts also set a price target of $239, showing upside potential of more than 25%.  A total of 23 funds from our database reported stakes in Panera Bread Co (NASDAQ:PNRA) worth about $442 million in aggregate as of the end of June, compared to 26 funds and $451 million, respectively, a quarter earlier.

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