Today’s midday gainers are International Tower Hill Mines Ltd (NYSEMKT:THM), Unwired Planet Inc (NASDAQ:UPIP), SolarCity Corp (NASDAQ:SCTY) and midday losers are JinkoSolar Holding Co., Ltd. (NYSE:JKS), Turquoise Hill Resources Ltd. (NYSE:TRQ), YuMe Inc. (NYSE:YUME).
Soros gets a dlight boost with Unwired Planet
International Tower Hill Mines Ltd (NYSEMKT:THM) is our top midday gainer. The gold mining company increased +7.53% to $0.40. This was a great news for John Paulson, who owns 8.9 million shares (0.02% of his portfolio). The billionaire paid an average price of $4.77 per asset.
Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More
Following Tower Hill Mines Ltd. is Unwired Planet Inc (NASDAQ:UPIP). The tech stock is up +7.14%, trading at $1.50. Investor George Soros holds 6.4 million shares purchased for $2.57, representing 0.12% of his fund.
Last but not least is SolarCity Corp (NASDAQ:SCTY). The solar energy company shot up +6.54% to $52.28. Tiger Global Management bought 500,000 shares for $36.89 each last quarter. This position composes 0.29% of the fund’s portfolio.
Today’s midday loser is JinkoSolar Holding Co., Ltd. (NYSE:JKS). The energy company dropped -7.06% to $29.36. Billionaire George Soros picked up 121,000 shares for $15.77 last quarter. This position represents 0.03% of Soros’ fund.
The second company on our midday losers list is Turquoise Hill Resources Ltd. (NYSE:TRQ) with a -3.29% dip to $4.12. This movement affected George Soros, who owns 3.9 million shares (0.19% of his fund), acquired for an average $8.40. Ray Dalio holds 126,000 shares, purchased at $6.76 per asset.
It has also been a tough day for YuMe Inc. (NYSE:YUME). The tech firm dipped -3.01% to $8.70. Last quarter, billionaire George Soros acquired 400,000 shares of YUME for $9.98 per asset. Today, this position makes up 0.05% of his holdings.