Among the largest movers in the red today early morning were Mobileye NV (NYSE:MBLY), falling by 4.7%, Peabody Energy Corporation (NYSE:BTU) sliding by more than 12%, and American Midstream Partners LP (NYSE:AMID), which cratered by nearly 16% at the time of writing.
This is the second day that Mobileye NV (NYSE:MBLY) is struggling after the short seller Criterion Research set a short term price target of $25 on the developer of technologies for camera-based advanced driver assistance systems (ADAS). Currently the stock is trading at $46. The analysts believe that the company is riding on the hype of the self-driving car, which still needs a lot of time for perfection. As far as hedge fund sentiment around Mobileye NV (NYSE:MBLY) is concerned, it is significantly positive. Among the hedge funds that we track, a total of 39 had an aggregate investment of $633.09 million at the end of June as compared to 35 firms with $452.31 million at the end of the March. Israel Englander‘s Millennium Management is one of the prominent stockholders of Mobileye NV (NYSE:MBLY) holding some 1.04 million shares valued at $55.43 million.
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Peabody Energy Corporation (NYSE:BTU), on the other hand received an unfavorable court ruling as a federal appeals court decided to go on with Obama administration’s new clean air standards for power plants, which are aimed at cutting the nationwide emissions by 32% by 2030. Earlier, Peabody Energy Corporation (NYSE:BTU) along with 15 other states had tried to temporarily block this plan.As for Peabody Energy Corporation (NYSE:BTU) professional money managers have been pouring in the company despite the fact that its stock price depreciated by more than 62% during the second quarter.
