Today’s midday gainers are Dex Media Inc (NASDAQ:DXM), Global Eagle Entertainment Inc. (NASDAQ:ENT), Media General, Inc. (NYSE:MEG) and midday losers are American Railcar Industries, Inc. (NASDAQ:ARII), Trinity Industries, Inc. (NYSE:TRN), Gold Fields Limited (NYSE:GFI).
Buffett gets a boost with Media General
Today’s midday gainer is Dex Media Inc (NASDAQ:DXM). The marketing company’s stock surged +16.51%, reaching $6.14. Billionaire John Paulson holds 2.2 million shares acquired during Q3 for $16.64. This position represents 0.12% of the investor’s fund.
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More
Not too far behind is Global Eagle Entertainment Inc. (NASDAQ:ENT), which shot up +9.33% after announcing wireless internet service on Southwest Airlines. Investor George Soros owns 200,000 shares (0.02% of his fund), acquired for $9.48 per asset.
Last up today is Media General, Inc. (NYSE:MEG). The stock increased +8.46% to $16.79 today — good news for Warren Buffett, who owns 4.6 million shares (0.07% of his holdings), purchased at an average $4.63 each.
It was a rough day for American Railcar Industries, Inc. (NASDAQ:ARII). The stock dipped -7.93% to $41.42 after being downgraded from “outperformed” to “underperformed.” Billionaire Carl Icahn holds 11.8 million shares (1.89% of his portfolio), acquired for $42.76.
Industrial stock Trinity Industries, Inc. (NYSE:TRN) fell -6.70% today, hitting $49.94. Billionaire David Tepper holds 1.2 million shares (0.89% of his fund), after acquiring 298,000 shares last quarter. The investor paid an average price of $40.15 per asset.
Gold Fields Limited (NYSE:GFI), a gold miner, dropped -5.94% to $4.12 after presenting its Q3 earnings report. With 6.5 million shares, GFI represents 0.19% of Paulson’s portfolio. The investor paid an average price of $6.44 per asset. Ray Dalio owns 373,000 GFI shares (0.01% of his holdings), acquired for $6.85 each.