Today’s daily gainers are Xylem Inc (NYSE:XYL), Pitney Bowes Inc. (NYSE:PBI), Tableau Software Inc (NYSE:DATA) and daily losers are The Goodyear Tire & Rubber Company (NASDAQ:GT), MeadWestvaco Corp. (NYSE:MWV), Constant Contact Inc (NASDAQ:CTCT).
Soros wins with Xylem and Tableau Software
Today’s top gainer is Xylem Inc. (NYSE:XYL). The tech company’s stock price rose +11.30% to $32.20 after signing an agreement with WaTech® to evaluate new water technologies and accelerate the commercialization of innovative products and services. This comes as a good bit of news for George Soros, who owns 401,000 Xylem shares purchased at $25.89 each. This position represents 0.12% of his fund.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Coming in second is Pitney Bowes Inc. (NYSE:PBI). The software and hardware company performed +10.26% ($21.21) despite reporting a miss in target earnings. Tiger Global holds 1.8 million shares, which represent 0.47% of its portfolio. Tiger paid an average price of $11.95 per asset.
It has apparently been a good day for tech, because Tableau Software Inc (NYSE:DATA) is our third-highest gainer. The company is up +7.82% and now trading at $67.69 thanks to a solid Q3 earnings report. Billionaire George Soros acquired 20,000 Tableau shares at an average price of $53.32 last quarter, representing 0.01% of his fund.
Topping off our list of losers today is The Goodyear Tire & Rubber Company (NASDAQ:GT). Its stock dropped -8.34% to $20.18 following reports of a 5% sales decline last quarter. Billionaire David Tepper holds 22 million shares, representing 4.86% of his holdings. Tepper paid an average price of $12.85 per share. Another investor with a position in GT is George Soros, who holds 350,000 shares (0.06% of his fund), purchased at an average price of $13.88.
The second company with a major loss today is MeadWestvaco Corp. (NYSE:MWV). Despite a strong earnings report, the packaging firm dropped -7.38% to $35.93. Soros owns 1.8 million shares, representing 0.68% of his portfolio. The shareholder commenced his position during the second quarter of 2013, paying an average price of $34.30 for each share. Ray Dalio has a very small position in MWV. The investor holds 12,000 shares, which represent less than 0.01% of his fund. Dalio paid an average $34.95 per share.
The third and final company in our daily loser is Constant Contact Inc (NASDAQ:CTCT). The tech stock performed -5.03%, hitting $26.27. This movement affected billionaire George Soros, who owns 750,000 shares (0.13% of his fund) bought at $16.80 each.