Good Day for Gold = Good Day for Paulson

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Good Day for Gold = Good Day for Paulson
<a href="https://pixabay.com/users/Global_Intergold/">Global_Intergold</a> / Pixabay

Today’s midday gainers are Allied Nevada Gold Corp. (NYSEMKT:ANV), International Tower Hill Mines Ltd (NYSEMKT:THM), AngloGold Ashanti Limited (NYSE:AU) and midday losers are Icahn Enterprises LP (NASDAQ:IEP), Lumos Networks Corp (NASDAQ:LMOS), Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS).

Gold stocks on the rise

Today’s midday gainer is Allied Nevada Gold Corp. (NYSEMKT:ANV). The gold mining company increased +13.71% to $3.65. Billionaire John Paulson holds 1.5 million shares, representing 0.04% of his fund. The investor paid an average price of $32.18 per asset.

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The second top-gaining stock of the day is International Tower Hill (NYSEMKT:THM), another gold mining firm. I rose +10.81% to $0.41. This is another hit for Paulson, who holds 8.9 million shares (0.02% of his fund), acquired for $4.77.

The third and final stock on the list is AngloGold Ashanti Limited (NYSE:AU), also in the gold mining business. The company was up +8.81%, reaching $13.20. With 31.4 million shares, AU represents 2.69% of Paulson’s fund. The investor paid an average price of $32.01 per asset. Another billionaire with a position in AU is Ray Dalio, who holds 204,000 shares (0.02% of his portfolio), acquired at an average $20.28.

Midday Losers

On top of our midday losers list this Tuesday is Icahn Enterprises L.P. (NASDAQ:IEP). The stock dropped -9.16% to $134.93. This was, of course, a bad bit of news for Carl Icahn, who holds 100.4 million shares, representing 33.95% of his fund. The investor paid an average price of $82.95 per asset.

Following Icahn Enterprises LP is Lumos Networks Corp. (NASDAQ:LMOS), a telecom company. It dipped -6.47%, hitting $20.61. Billionaire George Soros owns 239,000 shares (0.06% of his fund), acquired for $18.40.

The last firm in our midday losers list is Sears Hometown and Outlet Stores, Inc (NASDAQ:SHOS). The retailer slipped -5.11% to $26.89. As of September, Edward Lampert holds 5.7 million shares (5.28% of his fund), purchased for $33.45.

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