Today’s daily gainers are Crosstex Energy, L.P. (NASDAQ:XTEX), WebMD Health Corp. (NASDAQ:WBMD), ClickSoftware Technologies Ltd. (NASDAQ:CKSW) and daily losers are J.C. Penney Company, Inc. (NYSE:JCP), The Goodyear Tire & Rubber Company (NASDAQ:GT), Caesars Entertainment Corp (NASDAQ:CZR).
Crosstex Energy is today’s top performing stock
Up +32.68% and now trading at $27.00, Crosstex Energy, L.P. (NASDAQ:XTEX) is today’s top gainer following the announcement of plans to merge with Devon Energy Corp (NYSE:DVN). Billionaire Leon Cooperman is likely lamenting his decision to sell off all of his Crosstex stakes (23,000 shares) last quarter.
Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More
WebMD Health Corp. (NASDAQ:WBMD) also experienced a nice jump today. The stock is up +10.66%, reaching $35.50. Billionaire Carl Icahn now holds 5.5 million WebMD shares after selling 1.2 million shares last quarter. The health company represents 0.75% of Icahn’s portfolio. He paid an average price of $38.04 per share, meaning a -7.43% loss in this position.
Last up is ClickSoftware Technologies Ltd. (NASDAQ:CKSW), which increased +6.92% to $6.95 today. George Soros holds 3.1 million CKSW shares acquired at an average price of $8.73. The shareholder has been increasing his position in this one over the past year or so, his allocation increasing 230% from March 2012 to June 2013.
Our top loser today is, yet again, J.C. Penney Company, Inc. (NYSE:JCP), which fell -9.14% to $6.36. George Soros holds 19.9 million JCP shares, which represent 3.70% of his holdings. He paid an average price of $16.66 per share, meaning a -60.86% overall loss.
Following J.C. Penney is The Goodyear Tire & Rubber Company (NASDAQ:GT), which is down -6.89% and now trading at $21.07. The stock’s poor performance was provoked by Deutsche Bank’s downgrade of it to neutral today. David Tepper owns 22 million shares, representing 4.86% of his fund and bought at an average $12.35 each. George Soros owns 350,000 shares (0.06% of his fund). Soros paid an average price of $13.88 per share.
Coming in third on today’s list of losers is Caesars Entertainment Corp (NASDAQ:CZR). The casino chain’s stock price dropped -5.99%, reaching $17.63. Caesars is a favorite of a few of our billionaires. John Paulson holds 12 million shares bought at $12.88, representing 1.16% of his fund. George Soros holds 5.9 million shares (0.89% of his portfolio) after buying more than 200,000 shares during last quarter. The stockholder paid an average price of $8.45. Finally, billionaire Leon Cooperman bought 1.1 million shares (0.25% of his holdings) at an average price of $14.60 during last quarter.