Tejon Ranch Company (TRC): TRC is a real estate development and agribusiness company. In 2019, the company received approval to build 19,000 homes on a previously untouched pocket of CA land 70 miles north of Los Angeles. Recent interest in the firm may stem from both the CA wildfires as well as news this past week that the company is being sued by environmental groups.
Vonage Holdings Corp. (VG): provides cloud communication services for businesses and consumers. Vonage’s stock has increased by over 40% since mid-March when COVID-19 reached pandemic status, and its telemedicine business usage has increased 2,000% in the same time.
Dr. Reddy's Laboratories Ltd (RDY): Dr. Reddy’s is an Indian generic drug company, recently described as a COVID-19 play, as in mid-September they reached an agreement with Russia to conduct clinical trials and distribution of Russia’s COVID-19 Sputnik V vaccine in India. Also in mid-September, Bristol Meyers Squibb arrived at patent settlement with Dr. Reddy’s Laboratories, allowing the company to launch its cancer-fighting drug Revlimid in generic form after March 2022. By 2026, Dr. Reddy’s will have a license to sell generic Revlimid with no limits.
Evogene Ltd. (EVGN): Evogene is a computational biology company whose stock performance YTD is at +143%. In early September, they announced a $10M equity led investment by Ark Investment Management. Notably, Evogene has also had the biggest increase in Wikipedia page views over the last month.
Biggest Gainers in Page Views (Month-over-Month) - October 9, 2020