Why Twitter, AMD and 2 Other Stocks Are in the Red Today, While Repros is Surging

Twitter Inc (NYSE:TWTR) is 6% in the red today after CNBC’s Aditi Roy reported that the company currently has “no bids on the table” in terms of a buyout. The company is instead looking to cut costs further. Twitter Inc (NYSE:TWTR)’s Board is meeting today to discuss its strategy and current situation. Given that Twitter shares have also rallied substantially from their 2016 lows, traders could also be taking profits on the tech company too. 30 funds in our database were long Twitter Inc (NYSE:TWTR) at the end of the second quarter, up by three funds quarter-over-quarter.

Traders bid SUPERVALU INC. (NYSE:SVU) down by 9% after the grocery chain trimmed its full-year adjusted EBITDA outlook. Due to unanticipated softness in the company’s retail and Save-A-Lot segments, its management now expects full-year adjusted EBITDA to be 5% lower than last year’s figure. As with some other stores, SUPERVALU could be a victim of lower government benefits, and consumers upgrading to more upscale stores as the economy moves full speed ahead. 28 funds that we follow were long SUPERVALU INC. (NYSE:SVU) as of the most recent 13F reporting period, unchanged from the prior one.

Western Refining Logistics LP (NYSE:WNRL) is 6.6% in the red today after the company entered into an agreement with Western Refining, Inc. (NYSE:WNR) and an indirect wholly-owned subsidiary of Western Refining to buy certain logistics, storage, and terminalling assets for $195 million in cash and $15 million of Western Refining Logistics’ common units. The company expects to fund the buyout with a public equity offering and a credit revolver. WRL’s management expects the buyout, which should close around September 15, to contribute to the company’s 15% annual distribution growth guidance through 2018. Five funds in Insider Monkey’s database owned shares of Western Refining Logistics LP (NYSE:WNRL) at the end of June, up from just one on March 31.

Disclosure: None