Here’s Why Traders Are Watching Coach, Red Robin, MGP Ingredients, and Two Other Stocks

MGP Ingredients Inc (NASDAQ:MGPI) has fallen 7% after a local TV station in Kansas reported that one of the company’s plants in Atchison has suffered a major chemical spill. Apparently two chemicals that shouldn’t be mixed together were mixed, and that caused a reaction that grew unmanageable. The number of funds from our database with holdings in MGP Ingredients Inc (NASDAQ:MGPI) rose by two quarter-over-quarter to seven at the end of June.

Northwest Biotherapeutics, Inc (NASDAQ:NWBO)’s stock has plunged by 18.5% today after the company announced that it has agreed to sell to an institutional investor up to 14 million shares of common stock at a purchase price of $0.38 per share. The sale of the shares are expected to close around October 26. Seven funds tracked by us had a bullish position in Northwest Biotherapeutics, Inc (NASDAQ:NWBO) at the end of June, unchanged from the previous quarter.

Sonic Corporation (NASDAQ:SONC) is 2.4% in the green after drive-in restaurant chain’s board of directors increased the company’s buy-back authorization by $40 million. The additional authorization allows for up to $195 million of common stock to be bought back through August 31, 2017. Among the funds we track, 18 funds owned $180.87 million worth of Sonic Corporation (NASDAQ:SONC)’s stock, which accounted for 13.80% of the float on June 30, versus 16 funds and $210.4 million, respectively, on March 31.

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