Today’s daily gainers are Federal-Mogul Corp (NASDAQ:FDML), Canadian Pacific Railway Limited (NYSE:CP), Alpha Natural Resources, Inc. (NYSE:ANR) and daily losers are STMicroelectronics N.V. (NYSE:STM), International Tower Hill Mines Ltd. (NYSEMKT:THM), Unwired Planet, Inc. (NASDAQ:UPIP).
Federal-Mogul is today’s top performing stock
Federal-Mogul Corp (NASDAQ:FDML), a supplier of various components, accessories, and systems in the United States and internationally, surged +17.84% today to reach $18.43 on the heels of the announcement of higher-than-expected earnings. With 76.6 million shares, FDML represents 3.64% of Carl Icahn’s portfolio. The billionaire has gained 34.59% in this position, having paid an average price of $13.75 per share.
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More
Canadian Pacific Railway Limited (NYSE:CP), a transcontinental railway providing freight transportation services, also experienced a major gain today. The stock climbed +7.95% to $141.37 following a report of increased year-on-year profits. This comes as good news for many of our iBillionaire players. Bill Ackman holds 24.1 million CP shares, representing 26.78% of his holdings. The shareholder paid an average price of $52.83 per share. Richard Chilton holds 82,000 shares (0.27% of his fund), acquired at an average price of $127.63 last quarter. And investor Steve Mandel has 161,000 shares (0.10% of his fund), purchased at $92.83 each.
Last up is coal mining company Alpha Natural Resources, Inc. (NYSE:ANR), which rose +7.10% to $6.49. Billionaire John Paulson reaped the benefits of this one, as he holds four million shares, representing 0.15% of his fund. Note, however, that the investor paid an average price of $8.10 for this stock, meaning an overall -19.89% loss.
Daily Losers take Soros down
Tech company STMicroelectronics N.V. (NYSE:STM) plunged -8.52% today, hitting $7.95. Billionaire George Soros bought 1.6 million shares at an average price of $7.95 last quarter, the position representing 0.17% of his portfolio.
Gold mining firm International Tower Hill Mines Ltd. (NYSEMKT:THM) suffered a pretty big dip as well, down -7.32% and now trading at $0.38. John Paulson holds 17.8 million THM shares, which represent 0.07% of his holdings. The billionaire paid an average price of $2.78 per share.
The last firm on our daily loser list is Unwired Planet Inc (NASDAQ:UPIP), another tech company. Its stock price fell to $1.74 today (a -6.95% decline). George Soros is the only billionaire tracked by iBillionaire with a position in UPIP. Soros holds six million shares (0.13% of his portfolio), acquired at an average price of $2.63.