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Were Hedge Funds Right About Yellow Corporation (YELL)?


Were Hedge Funds Right About Yellow Corporation (YELL)?
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F filings disclosed the funds’ positions on March 31st. We at Insider Monkey have made an extensive database of more than 866 of those established hedge funds and famous value investors’ filings. In this article, we analyze how these elite funds and prominent investors traded Yellow Corporation (NASDAQ:YELL) based on those filings. ....

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Mid-Day Market Update: Avid Technology Surges After Q1 Results; James River Group Shares Plunge


Shares of
Stealth BioTherapeutics Corp (NASDAQ: MITO) got a boost, shooting 46% to $1.75. Stealth BioTherapeutics presented at the Association for Research in Vision and Ophthalmology meeting with positive data from a post hoc analysis of the Phase 1 ReCLAIM study evaluating elamipretide in patients with non-central geographic atrophy and high risk drusen associated with dry age-related macular degeneration.
Avid Technology, Inc. (NASDAQ: AVID) shares were also up, gaining 21% to $26.29 after the company reported better-than-expected Q1 results and raised FY21 guidance.
Equities Trading DOWN
James River Group Holdings, Ltd. (NASDAQ: JRVR) shares tumbled 31% to $31.88 after the company swung to a loss in the first quarter. The company also priced its 5.65 million share common stock offering at $31 per share. ....

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