Why These 5 Stocks Are Crashing Today

Also losing ground on Friday afternoon was Republic Airways Holdings Inc. (NASDAQ:RJET). The stock of the air carrier has dropped amid news about its Vice President, Ryan Willman, having sold 6,108 shares of the company earlier this week for $3.25 per share. In addition, earlier this week, Deutsche Bank downgraded the stock to ‘Hold’ from ‘Buy’ and slashed the price target to $4.00 from $8.00.

Hedge fund sentiment on Republic Airways Holdings Inc. (NASDAQ:RJET) remained pretty much unchanged over the third quarter, as the number of funds long the stock stayed at 18. The most bullish of them is probably Ross Margolies‘ Stelliam Investment Management, which last disclosed a stake comprising 5.01 million shares.

Weight Watchers International, Inc. (NYSE:WTW) lost more than 18.5% on Friday, and almost 30% since Monday. The decline seems like a correction from the spike seen last week, set in motion by the launch of a new set of ads that featured the most famous investor in the company Oprah Winfrey.

But it’s not only Oprah that’s betting on Weight Watchers International, Inc. (NYSE:WTW). Over the third quarter of 2015, the number of funds (among those we track) long the stock rose to 14 from nine. Among the newcomers was Steve Cohen’s Point72 Asset Management, which acquired 814,700 shares of the company between July and September, becoming the largest shareholder in our database.

Finally, there’s Best Buy Co Inc (NYSE:BBY), which was down more than 3.3% on Friday, after Cleveland Research warned investors about the company’s sales trends as it prepares to report its holiday figures next week. It should be noticed that several other retail chains have already reported their holiday results, and analysts (as well as investors) were not particularly thrilled.

During the third quarter, the number of hedge funds long the stock declined by four to 28. Among the funds that closed their positions over the period, we could point out Curtis Macnguyen’s Ivory Investment Management, which sold all of its 1.8 million shares during the period between July and September.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.