Crosstex Energy Soars 32 Percent After Cooperman Sells

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Crosstex Energy Soars 32 Percent After Cooperman Sells

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

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.

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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.

Daily Losers

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.

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