Why Are Shares of These Companies Surging Today?

Bonso Electronics International Inc. (NASDAQ:BNSO) is up by 98.9% on strong volume after releasing unaudited results for the six-month period ended September 30, 2015. For the time period, Bonso Electronics International Inc. (NASDAQ:BNSO)’s revenue declined by 12% year-over-year to $12.83 million, while EPS was $0.18 per share.  None of the hedge funds we track owned shares of the nano-cap stock, and we urge investors to do due-diligence before investing.

Last but not least, Intrexon Corp (NYSE:XON) shares have surged by 9.8% in late afternoon trading as sentiment for the stock improves. Analysts are optimistic, as four analysts have a ‘Buy’ rating on it, while one has a ‘Sell’ rating, and two have a ‘Hold’ rating. The analysts at Wunderlich have a ‘Buy’ rating with a $50 price target, while the analysts at Bank of America have a ‘Neutral’ rating and a $35 price target. Overall, analysts have a consensus price target of $57.71 per share, representing upside of 62.48%. 21 elite funds reported stakes worth $387.43 million in Intrexon Corp (NYSE:XON) as of the end of June, with Dan Loeb‘s Third Point among them, with a holding of 2.7 million shares. Shares of Intrexon Corp (NYSE:XON) have done well, with the stock up by 41% year-to-date, soundly beating the S&P 500’s 2.67% return and the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB)’s 11.88% return.

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