Why Are These Stocks Experiencing Big Swings Today?

SolarCity Corp (NASDAQ:SCTY) is another company that is losing ground today, with its shares down by over 14%, as Nevada confirmed its decision to increase its monthly fees and reduce the credits it grants for solar customers in the state. SolarCity announced earlier this month that it would eliminate 550 Nevada jobs and cease providing new installations there as a result of the decision. Shares are down by nearly 29% this year.

Among the funds that we follow, 29 reported long positions in SolarCity Corp (NASDAQ:SCTY) as of the end of September, down by five funds from a quarter earlier. Kenneth Tropin‘s Graham Capital Management reported holding a $20.41 million position in the stock as of the end of September, comprising 2.5% of its 13F portfolio.

Finally, also among the big losers today is Natural Health Trends Corp. (NASDAQ:NHTC), down by 9% in afternoon trading. The stock fell by more than 30% last week after it became known that it was being investigated by Chinese authorities. The fraud investigation alleges that the company is operating an illegal pyramid scheme. The company refutes claims made by U.S and Chinese Parties to that effect and will contact the website where the allegations were posted. Moreover, yesterday the Board of Directors authorized an increase of $55 million to its stock repurchase program, to $70 million.

Natural Health Trends Corp. (NASDAQ:NHTC) gained popularity among the investors that we track in the third quarter. 13 funds held shares of the company on September 30, up by four funds over the quarter, and they amassed 9.4% of the float.

Disclosure: None