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Sirius XM, F5 rise; UPS, Range Resources fall
Stocks that traded heavily or had substantial price changes Tuesday: Sirius XM, F5 rise; UPS, Range Resources fall
By The Associated Press
• 2 min read
United Parcel Service Inc., down $14.67 to $195.19.
The package delivery service reported a decline in U.S. volumes and its revenue fell short of what analysts were expecting.
Sirius XM Holdings Inc., up 33 cents to $6.71.
The satellite radio company reported strong new subscriber growth and raised its forecasts for the year.
F5 Networks Inc., up $11.95 to $204.57.
The provider of cloud security services reported results that easily surpassed analysts estimates and issued a strong outlook.
Were Hedge Funds Right About Open Text Corporation (OTEX)?
Is Open Text Corporation (NASDAQ:OTEX) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Open Text Corporation (NASDAQ:OTEX) was in 16 hedge funds’ portfolios at the end of March. The all time high for this statistic is 22. OTEX has experienced a decrease in activity from the world’s largest hedge funds in recent months. There were 18 hedge funds in our database with OTEX positions at the end of the fourth quarter. Our calculations also showed that OTEX isn’t among the 30 most popular stocks among hedge funds (c