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What’s Going On With These 5 Trending Stocks?

U.S stocks are trading down ever so slightly on this fine Friday afternoon. Even though oil prices are plummeting ahead of the Doha oil producers’ meeting this weekend, better-than-feared financial results released by several companies have helped contain the market’s losses. However, as usual, stocks are moving in both directions today and in this article we’ll look at five of them that are making some of the biggest moves in either direction. Those stocks are Great Basin Scientific Inc (NASDAQ:GBSN), BATS Global Markets, Inc. Class A Common Stock (BATS:BATS), Infosys Ltd ADR (NYSE:INFY), Regulus Therapeutics Inc (NASDAQ:RGLS), and Stratasys, Ltd. (NASDAQ:SSYS), all of which are posting considerable oscillations in Friday trading. Let’s dig into what is causing these moves and see top hedge funds think about these companies.

Our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).

Shares of Nano-Cap Flirting With Triple-Digit Gains

Let’s start with one of Friday’s biggest movers: Great Basin Scientific Inc (NASDAQ:GBSN). The nano-cap molecular diagnostic testing company is trading up by almost 88% on Friday afternoon, driven by the announcement of its preliminary first quarter financial results. On Thursday afternoon, management said the company saw first quarter revenue of $731,422, up by 59.4% year-over-year, and 119.8% customer growth.

Being a nano-cap, Great Basin Scientific Inc (NASDAQ:GBSN) does not count the support of many institutional investors. At the end of the fourth quarter of 2015, only nine investment firms that we track (which filed 13Fs for the period) were long the stock.

Follow Great Basin Scientific Inc. (NASDAQ:GBSN)
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Stock Exchange Operator Sees Its Own Stock Soar

Next up is BATS Global Markets, Inc. Class A Common Stock (BATS:BATS), the second-largest stock exchange operator in the U.S by volume, which is up by more than 20.5% today on its first day of trading. The company priced its initial public offering at $19 per share, at the high end of its range and shares are already trading close to $23, with 11.6 million shares trading hands so far today.

The BATS Global Markets, Inc. Class A Common Stock (BATS:BATS) IPO was the largest so far this year, and some investors believe it could revitalize the IPO market, which has been quite slow in 2016. Other interesting facts related to the stock include that back in 2012, BATS tried to go public but failed due to an embarrassing (to say the least) technology glitch; embarrassing, because BATS is an acronym for “better alternative trading system.”

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We have the skinny on three more stocks making waves today on the next page.

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