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Why are These Five Stocks Deep in Green Territory on Thursday?

U.S. stocks are slowly but surely heading lower today, with the market under pressure following a sharp decline in oil prices. There are several companies that defy today’s downtrend and we’ll find out why in this article. Let’s see what prompted investors to push Eyegate Pharmaceuticals Inc (NASDAQ:EYEG), Constellium NV (NYSE:CSTM), Navios Maritime Holdings Inc. (NYSE:NM), Sophiris Bio Inc (NASDAQ:SPHS) and Yelp Inc (NYSE:YELP) higher today.

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Shares of Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) opened higher today and have surged by as much as 39%, following the release of the company’s 2015 third quarter financial report. Eyegate posted a net loss of $1.4 million, compared to a profit of $0.3 million for the same period last year. The company also announced a licensing agreement with a subsidiary of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for EGP-437, the company’s first and only product so far. Eyegate has also said that proceed of $8.8 million from a public offering completed in August will be used for expenses related to further testing of the product.

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Constellium NV (NYSE:CSTM) shareholders are all smiles today, as the stock has surged by as much as 20% during the first hours of trading. This comes as a surprise, as the company’s third quarter results released yesterday after market close missed Wall Street expectations. Revenues came in at $1.41 billion, below estimates of $1.46 billion, while profits turned negative as the company registered a loss of $0.48 per share, versus expectations of a $0.06 per share profit. So far this year, shares have shed 48% of value and are currently trading at $8.60 per share.

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According to our database, 25 elite funds held Constellium NV (NYSE:CSTM) in their portfolios at the end of June, having snapped up 31.5% of the company’s common stock. Phill Gross and Robert Atchinson, the managers of Adage Capital Management, like this company a lot and have boosted their stake by 49% over the second quarter to amass 8.32 million shares.

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