Here’s Why These 5 Stocks Are on the Move Today

Shares of biotech company MannKind Corporation (NASDAQ:MNKD) are 14% higher on no particular news. The only near-term catalyst appears to be that the company will host an analyst call for the investment community on April 19 regarding its commercialization strategy for Afrezza in the U.S. MannKind assumed responsibility for the worldwide commercialization of Afrezza from Sanofi SA (ADR) (NYSE:SNY) after the drug maker terminated the partnership due to poor Afrezza sales. MannKind will begin to distribute Afrezza in the third quarter. 11 of the 785 funds that we track owned 1.9% of MannKind Corporation (NASDAQ:MNKD)’s shares at the end of the fourth quarter.

HP Inc (NYSE:HPQ) is off by 1.7% this morning after research firm Gartner reported that global shipments of PCs fell by 9.6% year-over-year to 64.8 million units in the first quarter. The quarterly drop builds on the five consecutive quarters of declines witnessed prior to it. PC shipments are now the lowest they have been since 2007, as a weak global economy and smartphone competition weigh on demand. It was also reported that Dell beat HP in U.S PC shipments during the quarter for the first time in six years. 40 funds in our system owned $874.39 million of HP Inc (NYSE:HPQ)’s shares which accounted for 4.10% of the float on December 31, a steep decline from the 59 funds with holdings valued at $3.07 billion on September 30.

Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) is 11% higher today after the Israeli Calcalist Press published a report concerning the company and one of its major shareholders, Kibbutz Sdot Yam, which could indicate that the founder and largest shareholder of the company will sell its position after losing a contentious proxy fight between the two sides late last year. Kibbutz Sdot-Yam owned approximately 32.4% of the company at the end of 2015. 20 elite funds in our database owned $147.64 million worth of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) at the end of the fourth quarter, down by two funds quarter-over-quarter.

Disclosure: None