Today’s daily gainers are Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), Lee Enterprises, Incorporated (NYSE:LEE), Pandora Media Inc (NYSE:P) and daily losers are Dex Media Inc (NASDAQ:DXM), Blackhawk Network Holdings Inc (NASDAQ:HAWK), WhiteWave Foods Co (NYSE:WWAV).
Clear Channel is today’s top-performing stock
Our top daily gainer this Wednesday, October 2nd is outdoor advertising company Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Its stock price shot up +11.39% today, reaching $9.39. Investor George Soros is the only billionaire among the players tracked by iBillionaire with a position in CCO. Soros holds 1.8 million shares (0.42% of his fund), which cost him an average price of $7.41. The stockholder started with 107,000 assets in March 2013 and acquired the rest last quarter.
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More
The second firm on our list of top gainers is Lee Enterprises, Incorporated (NYSE:LEE). The entertainment company performed well today, its stock increasing +5.68% in value. Billionaire Warren Buffett benefited here as the stock price climbed to $2.79, almost twice the price he paid. The investor holds 89,000 shares (as of June), representing less than 0.1% of his fund.
Pandora Media Inc (NYSE:P) is our final pick of the day, up +5.33%. The internet radio company reached $26.89 after announcing that its audience had increased 18% in comparison to last year. This was well-received news for George Soros, who owns 327,000 P shares, bought last quarter at an average price of $15.61.
Marketing company Dex Media Inc (NASDAQ:DXM) is in our biggest loser of the day, its stock dipping -4.78% to hit $7.77. Billionaire John Paulson, who last quarter bought 2.2 million DXM shares, was affected by this drop. The billionaire is down -53.32% in this position, having paid an average price of $16.64 per share.
The second company with a major loss today is Blackhawk Network Holdings Inc (NASDAQ:HAWK), a firm that provides various prepaid products and payment services. HAWK is down -4.42% ($22.94). Last quarter, George Soros, the only billionaire tracked by iBillionaire with a position in HAWK, bought 38,000 shares (0.01% of his fund), purchased at an average price of $25.51.
Finally, the last company joining our daily losers list is WhiteWave Foods Company (NYSE:WWAV), a firm that engages in the manufacture, marketing, distribution, and sale of foods and beverages. Today, WWAV performed poorly, its stock price decreasing -3.80% ($19.01) following Deutsche Bank’s rating of it as a “buy” company. Billionaire David Tepper owns 206,000 WhiteWave Foods shares, representing 0.05% in his fund. The stockholder paid an average per-share price of $17.46.