Soros Takes Three Big Stock Market Hits

0

Today’s midday gainers are BioFuel Energy Corp. (NASDAQ:BIOF), LightInTheBox Holding Co Ltd (NYSE:LITB), Sarepta Therapeutics Inc (NASDAQ:SRPT) and daily losers are Millennial Media, Inc. (NYSE:MM), Cisco Systems, Inc. (NASDAQ:CSCO), Lumos Networks Corp (NASDAQ:LMOS).

Soros Takes Three Big Stock Market Hits

Soros gets a boost with Sarepta Therapeutics

Today’s midday gainer is BioFuel Energy Corp. (NASDAQ:BIOF). The energy company’s stock price increased an exciting +23.94% to $2.33 today. With 1.4 million shares, BIOF represents 0.09% of David Einhorn portfolio. The investor paid an average price of $19.34 per share. Billionaire Daniel Loeb holds 1.04 million shares, representing 0.08% of his fund. Loeb acquired his position for $3.71 each asset. Despite today’s surge, this one has been a bad bet for both investors.

Exclusive: Izzy Englander’s Millennium Management Focuses On Longer Term Capital

Schonfeld Strategic Advisors Robert Atchinson Phillip Gross favorite hedge fundsEarlier this month, Greylock Capital Associates, an emerging markets hedge fund, filed for bankruptcy protection in New York assets under management dwindled from nearly $1 billion in 2017 to $450 million at the end of 2020. After three years of losses, Bloomberg reported that assets could drop below $100 million by the end of the Read More


The second company in our midday gainers list is LightInTheBox Holding Co Ltd (NYSE:LITB). The online retailer is up +10.94% ($10.30). Tiger Global bought 400,000 shares (0.09% of its portfolio) at $14.38 each last quarter.

Last but not least is Sarepta Therapeutics Inc (NASDAQ:SRPT). The biopharmaceutical company rose +9.54% to $14.12. As of June, George Soros holds 426,000 shares, representing 0.18% of his portfolio. The billionaire paid an average price of $26.51 per share.

Soros takes a hit with three stocks

One stock with a major loss today is Millennial Media, Inc. (NYSE:MM). The advertising company dipped -14.07% to $6.17 after surprising the market with a poor Q3 earnings report. Billionaire George Soros acquired 800,000 shares for $7.42 each last quarter. This position represents 0.08% of Soros’ fund.

Following Millennial Media is Cisco Systems, Inc. (NASDAQ:CSCO). The tech stock dropped -11.90% to $21.14 after predictions of a decline in revenues in 2014. As of June, George Soros holds 237,000 shares (0.06% of his fund), acquired for $20.62.

The last firm in our midday list of losers is Lumos Networks Corp (NASDAQ:LMOS). The stock is down -7.29% ($20.35) after announcing a public offering of 2,512,121 shares. Again, billionaire George Soros took a hit. He purchased 26,000 shares for $14.86 last quarter.

No posts to display