Why Are Investors Losing Confidence in These 5 Stocks Today?

Alere Lower on Abbott Chairman’s Comments

Alere Inc (NYSE:ALR) shares are 13% lower today after Abbott Laboratories (NYSE:ABT) Chairman Miles White said the following in an earnings call, when asked about his commitment to the transaction by which Abbott agreed to acquire Alere for $56 in cash per share:

“I will be careful as Alere has had delays on filing their 10-K and filing the proxy. I would say it is not appropriate for me to comment on Alere.”

In other news, Jonathan Wygant is now the company’s chief accounting officer. 30 elite funds in our database owned Alere Inc (NYSE:ALR) at the end of December, down from 39 at the end of September.

Clean Energy Down on Privately Negotiated Exchange Agreement

Clean Energy Fuels Corp (NASDAQ:CLNE) has entered into a privately negotiated exchange agreement with certain holders of its 5.25% Convertible Senior Notes due 2018. Under the agreement, the note holders agreed to exchange an aggregate principal amount of $25 million of notes and accrued but unpaid interest of around $69,270 in exchange for shares of Clean Energy common stock. Clean Energy expects to issue no more than 6.275 million shares under the agreement. Shareholders don’t like the dilution and have sent the stock lower today by over 9% today. Within our database of 786 elite funds, ten funds held roughly 3% of Clean Energy Fuels Corp (NASDAQ:CLNE)’s float at the end of 2015.

Yum in the Red as Earnings Day Arrives

Yum! Brands, Inc. (NYSE:YUM) is slightly lower today as the company readies to release its earnings report later today. Of particular interest to investors will be the company’s same-store sales in its China segment. Yum Brands is currently in talks with China Investment Corp, Baring Private Equity Asia, and KKR over possibly selling a controlling share of the company’s China unit to those entities. Having higher same-store sales could lead to more money being realized from a sale. Keith Meister‘s Corvex Capital owned 21.04 million shares of Yum! Brands, Inc. (NYSE:YUM) at the end of December.

Disclosure: None