All three major indexes are in the green today as investors look forward to today’s FOMC meeting decision. Among the stocks that are also in bull-mode are Catalyst Pharmaceuticals Inc (NASDAQ:CPRX), Capital Bank Financial Corp (NASDAQ:CBF), Msci Inc (NYSE:MSCI), Finisar Corporation (NASDAQ:FNSR), and Whiting Petroleum Corp (NYSE:WLL). Let’s find out why traders are hitting the buy button on each stock and use the latest 13F data to determine how hedge funds were positioned among them in the fourth quarter.
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Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) leads today’s gainers, having rallied over 30% from yesterday’s close. Traders are buying due to Catalyst disclosing that its experimental drug, Firdapse, yielded positive top-line results from an investigator-sponsored “proof-of-concept” trial. Firdapse is a potential treatment for patients with a severe type of myasthenia gravis. In terms of smart money sentiment, 7 elite funds had a bullish position in Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) at the end of the fourth quarter, up 2 funds from the previous quarter. That’s out of around 742 top funds in our database.
Capital Bank Financial Corp (NASDAQ:CBF) shares have popped 8% after Bloomberg reported that the bank is working with financial advisers on a potential sale. Capital Bank management began the process after the company received an unsolicited approach. According to the article, the talks about a potential sale are at ‘an early stage’. The number of elite funds with holdings in Capital Bank Financial Corp (NASDAQ:CBF) rose by 7 quarter-over-quarter to 14 at the end of December.
On the next page, we examine Msci Inc, Finisar Corporation, and Whiting Petroleum Corp.