Why Are These Stocks Surging Today?

In other news, Gold Fields Limited (ADR) (NYSE:GFI) is trading 4% higher as near-month gold commodity prices try to stage a recovery. Although many market analysts expect the Federal Reserve to raise rates during the FOMC meeting next week, there are still many reasons to own gold, including the fact that Syria is currently a complete mess right now, with the United States, Russia, France, and the United Kingdom all doing bombing raids in various parts of the country. If the chaos spreads to the other parts of the Middle East, gold prices will rally. Hedge fund sentiment has stayed steady in Gold Fields Limited (ADR) (NYSE:GFI), as the number of elite funds long the stock remained unchanged at 16 at the end of the third quarter

Last on our list of gainers is BioPharmX Corp (NYSEMKT:BPMX), whose shares have surged by 80% on the news that the company has closed a direct placement of 4.1 million shares priced at $1.43 per unit. Investment vehicles of Franklin Advisors were the buyers and BioPharmX Corp (NYSEMKT:BPMX) plans to use the money raised to support the company’s marketing, clinical trials for topical acne treatments, and other R&D purposes. Due to the company’s small size, smart money investors have been overlooking the stock so far. The only fund from our database that owns shares of BioPharmX, is Israel Englander’s Millennium Management, which reported a stake containing 34,091 shares in its latest 13F filing.

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