Autohome, BitAuto Come Down From Monday Highs
Written by: ValueWalk
Tickers in this article: ATHM CLUB DLIA GALT mpaa
Motorcar Parts of America, Inc. NASDAQ:MPAA, Galectin Therapeutics Inc. NASDAQ:GALT and Town Sports International Holdings, Inc. NASDAQ:CLUB started off this Wednesday strong and are among the day's top market gainers midday. Autohome Inc ADR NYSE:ATHM, Bitauto Hldg Ltd ADR NYSE:BITA and dELiA*s, Inc. NASDAQ:DLIA are the losers. Motorcar Parts of America Surges on Share Pricing Motorcar Parts of America, Inc.
surged +9.95% today after announcing the pricing of a new public offering of shares. MPAA is currently trading near its 52-week high of $31.00. Its price has climbed +55.75% year-to-date. Galectin Therapeutics Inc. hit midday up +9.36% for the day. The drug developer's share price has dropped -63.51% in the past 30 days, and it is currently trading far from its 52-week high of $19.11. Despite today's gain, Galectin is still down -30.82% YTD. The share price of Town Sports International Holdings, Inc. climbed +7.89%. On July 30th, the company announced second quarter results, including a decrease in member count and revenue as well as the decision to discontinue its quarterly revenue dividend. And last week, Vora Capital Management took a 16% stake in the fitness club operator and started a push for its sale. Hedge fund Farallon Capital has held a stake in the company across numerous quarters, and George Soros initiated a position in the second quarter of this year. Autohome, BitAuto Dip Autohome Inc ADR dipped -10.94% today, just two days after reaching a new 52-week high of $54.71. The Chinese online auto platform and Tiger Global pick has climbed over +40% in 2014. The share price of Bitauto Hldg Ltd ADR dipped -5.64% midday. Like Autohome, BitAuto had a stellar start to the week, its price hitting a lifetime high of $92.00 on Monday. The stock is up an impressive +183.42% in 2014, including +59.72% in the past month. Down -4.65%, dELiA*s, Inc. takes the third and final spot on today's list of midday losers. The apparel retailer has been in the Tiger Global portfolio across three quarters, and its price has declined -45.43% YTD. The post Autohome, BitAuto Come Down from Monday Highs appeared first on ValueWalk. -By iBillionaire