Soros Wins with Clear Channel and Pandora

Clear Channel Outdoor

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 Outdoor

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.

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.

Daily Losers

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.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)






About the Author

iBillionaire
iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

Be the first to comment on "Soros Wins with Clear Channel and Pandora"

Leave a comment