Why These 5 Stocks Are Climbing Higher As The Market Sinks

Next on our list is Hortonworks Inc (NASDAQ:HDP), currently up by just under 1% after it announced the pricing for its 8.43 million shares of common stock in a public offering. The price to the public will be $9.50 per share, $0.90 below yesterday’s close. Underwriters will also have a 30-day option to purchase up to an additional 1.26 million shares of common stock from Hortonworks. 16 funds in our system held shares of Hortonworks Inc (NASDAQ:HDP) on September 30, down by four during the third quarter, and they amassed 16.1% of the float.  Among them, John Burbank‘s Passport Capital was the largest shareholder, reporting ownership of 2.6 million shares in its latest 13F filing.

LoJack Corporation (NASDAQ:LOJN) shares have advanced by 20% today, hitting their 52-week high on the news that CalAmp (NASDAQ:CAMP) will acquire the firm for $6.45 per share, in a deal valued at $134 million. That price is $0.95 higher than the one offered at the end of 2015. The transaction is expected to be realized at the end of May. Phil Frohlich‘s Prescott Group Capital Management was the largest shareholder of LoJack Corporation in our database, with 807,781 shares, valued at $2.34 million at the end of September.

Last on our list is Hansen Medical, Inc. (NASDAQ:HNSN), whose stock has gained almost 29% after the company announced that it has received FDA approval for its Magellan Robotic Catheter eKit, which is expected to help surgeons reduce their operating time and radiation exposure through the use of robotic control of third party microcatheters. Matthew Strobeck‘s Birchview Capital was the largest shareholder of Hansen Medical in our database, with 3.80 million shares valued at $14.28 million at the end of September.

Disclosure: None