Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation

Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).

Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation

Soros gets a double boost with Sarepta and Towerstream

On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.

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Qualivian Investment PartnersQualivian Investment Partners commentary for the second quarter ended July 30, 2020. Q2 2020 hedge fund letters, conferences and more “Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell Executive Summary Readers of investment letters fall into Read More

The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.

Third and last stock in our midday gainer list is Icahn Enterprises LP (NASDAQ:IEP), after a tough week the company rose +6.28% to $119.50. Carl Icahn holds 100.4 million shares (33.95% of his fund) purchased at an average price of $82.95.

Midday Losers

Today’s midday loser is IAMGOLD Corp (NYSE:IAG), the gold mining company dipped -10.16% to $3.45. Billionaire John Paulson holds 3.8 million shares (0.12% of his fund) bought for $14.75. Another investor with a position in IAG is Ray Dalio who owns 200,000 shares (0.01% of his holdings), acquired at an average price of $6.32.

Following Iamgold Corp is Enphase Energy Inc (NASDAQ:ENPH), the energy stock dropped -10.25% to $4.64. As of September, Daniel Loeb holds 7.4 million shares (1.51% of his portfolio) acquired for $6.89 per asset.

Turquoise Hill Resources Ltd (NYSE:TRQ), is our last stock in the midday loser list. The mineral exploration company was down -5.69%, hitting $3.15. Billionaire George Soros owns 3.9 million shares (0.19% of his fund), purchased for $8.40.