Here’s Why These Five Stocks Are Trending Today

Rescue Helicopters On The Way

Shares of Bristow Group Inc (NYSE:BRS) are trading down by almost 6% on Tuesday afternoon amid news about the company launching a new helicopter rescue and recovery service for the oil and gas industry in Nigeria. The helicopter business said the new service will debut in August of 2016, and will cover necessities that have not been attended in the country so far. “This new rescue and recovery service is a natural extension of our business transporting personnel offshore that we’ve provided in Nigeria for more than 50 years, and demonstrates our continued long-term commitment to the country,” said Interim Regional Director Africa Captain Akin Oni. At the end of the first quarter, Bristow Group Inc (NYSE:BRS) counted 10 funds long the stock among those that we track, holding more than 30% of its total shares outstanding. The largest stake was held by John W. Rogers’ Ariel Investments, which last disclosed ownership of 9.8 million shares, or $185 million in stock. Also bullish seemed Citadel Investment Group, which boosted its exposure to the company by 153% over the first quarter, holding 255,890 shares at the end of March.

Rex Energy Tumbles Despite Good News

Also slipping on Tuesday trading is Rex Energy Corporation (NASDAQ:REXX), which has lost more than 4% since the opening bell, even though the company announced this morning that it had attained an additional capital commitment from Benefit Street Partners, its partner for the Moraine East joint development program. Another piece of news that could not help the stock was the announcement of a privately negotiated asset sale, which could cap liquidity concerns.

Micro-cap Rex Energy Corporation (NASDAQ:REXX) saw the number of funds in our database long its stock double over the first quarter to four. Newcomers included D. E. Shaw, which acquired 2.45 million shares over the period, and George Soros’ Soros Fund Management, which purchased 165,000 shares.

Twitter Announced Rule Changes

Finally, there’s Twitter Inc (NYSE:TWTR), which is in the spotlight after the company said it is increasing the length of its video play from 30 seconds to 140 seconds. A total of 27 funds in our database are long Twitter Inc (NYSE:TWTR) as of the end of March, down by 10% quarter-over-quarter. Once again, D. E. Shaw was among notable investors, holding more than 6 million shares, or almost $100 million in stock at the end of the first quarter.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.