Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Traders Are Selling These Five Tanking Stocks?

All three major indexes are in the red on Wednesday after Apple Inc. (NASDAQ:AAPL) reported a disappointing quarter. Among the stocks that are deep-in-the-red along with Apple are MannKind Corporation (NASDAQ:MNKD), Intrexon Corp (NYSE:XON), Dynavax Technologies Corporation (NASDAQ:DVAX), Goodyear Tire & Rubber Co (NASDAQ:GT), and Blackhawk Network Holdings Inc (NASDAQ:HAWK). In this article, we find out why traders have sold each stock and analyze how the smart money is positioned towards them.

While there are many metrics that investors can assess in the investment process, the hedge fund sentiment is something that is often overlooked. However, hedge funds and other institutional investors allocate significant resources while making their bets and their long-term focus makes them the perfect investors to emulate. This is supported by our research, which determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).

MannKind Down on At Market Issuance Sales Agreement

MannKind Corporation (NASDAQ:MNKD) is 6% lower today after the company entered into an at the market issuance sales agreement with FBR Capital Markets yesterday that allowed MannKind to issue and sell shares of its common stock with an aggregate offering value of up to $50 million. MannKind will pay FBR 3% of the gross proceeds of the sales price per share of common stock sold through FBR. The company will also pay up to $25,000 in other fees. A total of 11 out of the 786 elite funds that we track owned shares of MannKind Corporation (NASDAQ:MNKD) at the end of the fourth quarter.

Follow Mannkind Corp (NASDAQ:MNKD)
Trade (NASDAQ:MNKD) Now!

Intrexon Lower on Short-Seller Report

After publishing a scathing article over the company last week, the research firm/short-seller Spotlight Research published parts 2-8 of its expose on Intrexon Corp (NYSE:XON) on Wednesday. Among the many things Spotlight Research noted is the fact that the author thinks that ‘revenues may be overstated by ~50% through transactions with related parties’ and that ‘biofuels are a pipe dream’. Shares of Intrexon are down 6.5% on back of the report. The number of investors holding shares of Intrexon Corp (NYSE:XON)  among those that we track rose by two quarter-over-quarter to 19 during the last quarter of 2015.

Follow Precigen Inc. (NYSE:PGEN)
Trade (NYSE:PGEN) Now!

On the next page, we will take a closer look at the developments that sent lower shares of Dynavax Technologies Corporation, Goodyear Tire & Rubber Co, and Blackhawk Network Holdings.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.