What is Causing These 5 Stocks to Move Sharply on Friday?

While the indexes have had a moderately volatile day so far, shares of Clovis Oncology Inc (NASDAQ:CLVS), China Hgs Real Estate Inc (NASDAQ:HGSH), Amira Nature Foods Ltd (NYSE:ANFI), Gerdau SA (ADR) (NYSE:GGB), and General Cable Corporation (NYSE:BGC) have shown significantly more movement. Let’s uncover why investors are buying and selling these stocks in big ways and see what hedge funds think of each of them.

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Clovis Oncology Inc (NASDAQ:CLVS) is over 6% in the red today as some investors sell ahead of the FDA’s Oncologic Drugs Advisory Committee’s meeting on April 12 to analyze the company’s NDA for rociletinib for the treatment of patients with epidermal growth factor receptor-positive non-small cell lung cancer. Based on the contents of the FDA’s briefing document, it is uncertain whether the committee will give its thumbs up. 24 funds tracked by Insider Monkey held more than half of Clovis Oncology Inc (NASDAQ:CLVS)’s float at the end of 2015. Among them was Zach Schreiber‘s Point State Capital, which owned 3.5 million shares.

Micro-cap China Hgs Real Estate Inc (NASDAQ:HGSH) is a day-trader favorite today, as its stock has surged by more than 40% on seemingly no company-specific news. China Hgs Real Estate Inc (NASDAQ:HGSH), through its subsidiaries and variable interest entity (VIE), engages in real estate development, primarily in the construction and sale of residential apartments, car parks and commercial properties. The broader Chinese real estate market received some good news on April 1 after the South China Morning Post reported that the prices of new homes in China’s 100 biggest cities jumped by 7.41% year-over-year. As with all micro-cap stocks, investors should do their due-diligence before considering an investment.

On the next page we see what'[s been happening with Amira Nature Foods, Gerdau SA, and General Cable Corporation.