Abercrombie & Fitch Shake-Up Potentially a Good Deal for Soros

Abercrombie & Fitch Shake-Up Potentially a Good Deal for Soros

Today’s midday gainers are Abercrombie & Fitch Co. (NYSE:ANF), Turquoise Hill Resources Ltd (NYSE:TRQ), YuMe Inc (NYSE:YUME) and daily losers are RetailMeNot Inc (NASDAQ:SALE), YPF SA (NYSE:YPF), Sears Holdings Corp (NASDAQ:SHLD).

Play Quizzes 4

Abercrombie is today’s top performing stock

Today’s top gainer is Abercrombie & Fitch Co. (NYSE:ANF). The clothing retailer’s stock price shot up +5.67%, reaching $35.95. According to Bloomberg, the gain was provoked by investor Engaged Capital LLC, which proposed a search for a new CEO and hinted at the possible sale of the company. Billionaire George Soros purchased 75,000 shares (0.03% of his fund) for $43.37 last quarter.

How A Weakening PE Market Serves As Another Sign Of A Weakening Economy

InvestAmid 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

Next up is Turquoise Hill Resources Ltd (NYSE:TRQ). The mining company increased +3.40% to $4.26. This again a nice bit of news for Soros, who owns 3.9 million shares (0.19% of his fund), acquired for $8.40 per asset. And Ray Dalio holds 126,000 shares purchased at an average $6.76 each.

Last but not least is YuMe Inc. (NYSE:YUME). The tech company was up +4.25%, reaching $8.10. This is yet another hit for Soros, who bought up 400,000 shares (0.05% of his holdings) at $9.88 last quarter.

Midday Losers

Today’s midday loser is RetailMeNot Inc. (NASDAQ:SALE), which dropped -8.18% to $27.96. This movement affected George Soros, who bought 200,000 shares (0.08% of his fund) for $33.01 last quarter.

The second company with a major loss today is YPF SA (NYSE:YPF). The Argentine energy firm dipped -6.66% to $27.76. This was another punch for Soros, who over the past month picked up 3.9 million shares for $17.87 (0.87% of his fund).

Rounding off today’s list of midday losers is Sears Holdings Corp (NASDAQ:SHLD). The retailer’s stock price fell -5.88% to $56.66. Billionaire Edward Lampert holds 33.8 million shares, composing 57.92% of his holdings. The investor paid an average price of $59.25 per share.

Updated on

No posts to display