Why Are Investors Excited About These 5 Stocks Today?

Amicus Therapeutics, Inc. (NASDAQ:FOLD) opened more than 6% higher this morning after analysts at Chardan Capital wrote that the company was a potential takeover candidate. The analysts think that Amicus’ migalastat, a potential treatment for Fabry disease, will likely get regulatory approval in the European Union after the CHMP recommended the EMA to approve the drug as a first-line treatment for patients with Fabry disease with an amenable genetic mutation. The analysts at Chardan Capital also boosted their price target on the stock to $15 per share from $10 per share. Hedge fund sentiment towards Amicus Therapeutics, Inc. (NASDAQ:FOLD) was relatively stable in the fourth quarter, with the number of funds long the stock falling by three quarter-over-quarter to 23. Those 23 funds owned nearly 40% of the biotech firm’s float at the end of 2015.

Nano-cap Eagle Bulk Shipping Inc (NASDAQ:EGLE) opened nearly 10% higher due to strong technical momentum buying before retracing. Shares of the company have more than tripled from their April lows on no particular company-specific news. Eagle Bulk Shipping announced that it reached an agreement with its lenders over a comprehensive balance sheet recapitalization on March 30 that sent its shares down by more than 40% the following day. Within our database, 6 funds owned almost two-thirds of Eagle Bulk Shipping Inc (NASDAQ:EGLE) as of the latest 13F reporting period. As with all nano-cap companies, investors should do their due diligence before investing.

Last but not least, Rex Energy Corporation (NASDAQ:REXX) leads today’s gainers with a 31% jump in morning trading. Traders are buying because the company announced a deal with INEOS Europe AG to sell and transport natural gas liquids to European markets. The transportation of the liquids should begin this month. CEO David Thompson had this to say about the deal:

“This contract adds to our supply portfolio providing for long-term sourcing of advantageously priced US natural gas liquids for our European crackers. We are excited about our new business relationship with Rex Energy and look forward to future opportunities between our companies.”

Two funds in our system owned $314,000 of Rex Energy Corporation (NASDAQ:REXX) shares at the end of December.

Disclosure: None