Why These 5 Stocks Are Making Moves Higher Today

Our third stop is JD.Com Inc (ADR) (NASDAQ:JD), China’s second-largest e-commerce company, which is up by more than 3% after it reported fourth quarter financial results of a loss of 7.6 billion yuan ($1.16 billion) on revenue of 54.6 billion yuan ($8.34 billion). JD’s revenue easily beat expectations and amounted to 57% year-over-year growth. Chief Financial Officer Sidney Huang told Reuters that despite an adverse global scenario, the company’s “growth remains healthy”. Management expects the current quarter net sales to be 50% higher when compared to the year-ago period. JD.Com Inc (ADR) (NASDAQ:JD) had a total of 78 investors reporting long positions in it as of the end of December, amassing 38.5% of the company’s outstanding stock.

Next on our list of gainers is Hertz Global Holdings Inc (NYSE:HTZ), whose shares have surged by 13% after the company reported fourth quarter EPS of $0.05, beating analysts’ estimates by $0.01 per share. The company’s revenue of $2.41 billion missed estimates by $110 million however. In the same period of the previous year, the company posted a net loss of $0.34 per share on $2.56 billion in revenue. The car rental company highlighted its $75 million in savings quarter-over-quarter thanks to its cost reduction program. Our data shows many hedge funds owning Hertz Global Holdings Inc (NYSE:HTZ), with 52 of the smart funds in our database reporting stakes in the company as of the end of the fourth quarter. Carl Icahn‘s Icahn Capital had the largest stake among those shareholder, at 63.71 million shares.

Last but not least, Ion Geophysical Corp (NYSE:IO) has jumped by 42% after the company announced an agreement with debt holders, which represents more than two-thirds of the total outstanding principal amount of the company’s 8.125% Senior Secured Second Priority Notes due 2018.  The agreement aims to extend the maturity of the existing outstanding securities of the Company to December 15, 2021 and use up to $15 million to reduce the total amount of existing notes at a substantial discount to par.

Nine funds that we track were long Ion Geophysical Corp (NYSE:IO) at the end of the fourth quarter, down from 11 funds long the stock at the close of the third quarter. Jim Simons‘ Renaissance Technologies held 2.61 million Ion Geophysical shares at the end of December.

Disclosure: None