Diamonds and Dogs
7/2/13Linn Energy LLC (LINE)
Linn Energy is getting crushed today, down 18.74% at $27.05. The oil and natural gas limited partnership saw its shares get crushed after news the SEC was investigating the company. The SEC has begun a private party investigation of the company and requested that Linn save all pertinent documents relating to its financial accounting and hedging strategies, as well as those regarding Linn Energy's pending acquisition of Berry Petroleum. The company is cooperating with the investigation; however analysts were quick to downgrade the company today. Linn Energy shares hit a new 52-week low of $26.78 intraday.
Noodles & Company (NDLS)
Noodles & Company is hot today, up 22.64% at $47.18. The restaurant company saw its shares continue their upward move after Jim Cramer said to buy Noodles & Co because he feels it could be the next Chipotle Mexican Grill. Noodles & Co had its IPO just three trading days ago but has doubled its share price and has caught investor's eye. The company's first day of trading led to a 50% jump in share price; on Chipotle's first day of trading it also had a 50% jump in price (maybe the reason for Cramer's comparison). Noodles & Company set another 52-week high today of $49.63 intraday.