Why These Five Stocks Are in Spotlight Today?

Groupon Inc (NASDAQ:GRPN)’s shares have gained 14% this morning after the company announced that Atairos has agreed to invest $250 million in it. According to the deal, Atairos will purchase 3.25% convertible senior notes. The initial price of these notes is $5.40 per Groupon common share and it will represent general unsecured debt for Groupon. Atairos is an independent investment fund, headed by Michael Angelakis, the former CFO of Comcast Corp. Atairos supports various growth-oriented businesses in different industries. After the investment deal, Michael Angelakis will join Groupon’s Board of Directors. Overall, 20 hedge funds out of those tracked by us held positions in Groupon at the end of the fourth quarter of 2015. The total value of their investments is around $103.3 million. Renaissance Technologies owns approximately 12 million shares of the company.

Tesla Motors Inc (NASDAQ:TSLA)’s stock continued to grow this morning and inched up by 3.5%. It started rallying after the company’s presentation of its low-cost Model 3 on Thursday. On Sunday, Elon Musk, the CEO of Tesla Motors Inc (NASDAQ:TSLA), announced on Twitter that the reservations of Model 3 electric have crossed 276,000 the launch of pre-orders on March 31. Model 3 has a 215-mile battery range. It can go from 0 to 60 in less than 6 seconds. The production will start in 2017 and the starting price is set at $35,000. Overall, 20 hedge funds tracked by us held positions in the electric car company with a total value of $837.4 million, while the largest shareholder among them is Daniel Benton’s Andor Capital Management, which owns approximately 1 million shares of the company.

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