Today’s midday gainers are InterOil Corporation (NYSE:IOC), Western Refining, Inc. (NYSE:WNR), DISH Network Corp (NASDAQ:DISH) and midday losers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Rackspace Hosting, Inc. (NYSE:RAX), International Tower Hill Mines Ltd (NYSEMKT:THM).
Buffett gets a boost with DISH
The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.
The latest Robinhood Investors Conference is in the books, and some hedge funds made an appearance at the conference. In a panel on hedge funds moderated by Maverick Capital's Lee Ainslie, Ricky Sandler of Eminence Capital, Gaurav Kapadia of XN and Glen Kacher of Light Street discussed their own hedge funds and various aspects of Read More
The second company with a great performance today is Western Refining, Inc. (NYSE:WNR). The petroleum firm is up +9.76% and now trading at $36.33 after an upgrade to a “buy” rating by Goldman Sachs. Last quarter, George Soros bought 310,000 shares (0.09% of his portfolio) for $30.87 each.
The third and final firm in our midday list of gainers is DISH Network Corp (NASDAQ:DISH). The stock rose +4.91 to $49.77 after presenting a great Q3 performance. Billionaire Julian Robertson holds purchased 443,000 shares (2.39% of his fund), acquired for $39.38 each last quarter. Another important investor with a position in DISH is Warren Buffett, who holds 547,000 shares, also acquired during last quarter for $39.38. The position represents 0.03% in Buffett’s portfolio.
Today’s midday loser is Sarepta Therapeutics Inc (NASDAQ:SRPT). The biopharmaceutical company dipped -61.67% to $14.00 after revealing its Q3 report. Billionaire George Soros holds 426,000 shares, representing 0.18% of his fund. The investor paid an average price of $26.51 per share.
Following Sarepta Therapeutics is Rackspace Hosting, Inc. (NYSE:RAX). The tech stock is down -12.80% to $43.00 following a Q3 report that falls short of expectations. Billionaire George Soros purchased 250,000 shares (0.10% of his fund) for $43.25 last quarter. Ray Dalio also has RAX stakes. The investor bought 9,000 assets for $43.25 during last quarter.
The last firm in our midday list is International Tower Hill Mines Ltd (NYSEMKT:THM). The gold mining company dropped -9.49% to $0.37. This was not a good news for John Paulson, who holds 17.8 million shares (0.07% of his portfolio), purchased at $2.64 per share.