Today’s midday gainers are InterOil Corporation Inc. (NYSE:IOC), Alpha Natural Resources, Inc. (NYSE:ANR), Micron Technology, Inc. (NASDAQ:MU) and midday losers are Lumos Networks Corp (NASDAQ:LMOS), Restoration Hardware Holdings Inc (NYSE:RH), JinkoSolar Holding Co., Ltd. (NYSE:JKS).
InterOil is today’s top performing stock
Today’s midday gainer is InterOil Corporation (NYSE:IOC). The energy company is up +10.72% to $61.45. Billionaire John Paulson holds 1.1 million shares, representing 0.55% of his fund. The investor paid an average price of $66.64.
Qualivian Investment Partners Up 30% YTD; Long ORLY Thesis
Qualivian 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
Following Interoil is Alpha Natural Resources, Inc. (NYSE:ANR). The coal company shot up +8.83%, reaching $7.15, after selling its 50% stake in Alpha Shale Resources Joint Venture for $300 million to Rice Energy. This was again good news for John Paulson, who owns four million shares, representing 0.15% of his fund. Paulson paid an average price of $8.10 per share.
Last but not least is Micron Technology, Inc. (NASDAQ:MU). The tech stock increased +5.89%, hitting $23.62. This company is a favorite among many of our billionaires. Seth Klarman holds 64 million shares (31.95% of his fund), acquired for $12.89 per asset. Richard Chilton owns 2.5 million assets (1.23% of his holdings), purchased for $8.74. Another investor with MU stakes is Ray Dalio, who holds 1.9 million shares, composing 0.29% of his portfolio.
Soros losses with all three stocks
On the top of our midday losers list today is Lumos Networks Corp (NASDAQ:LMOS). The telecom company dropped -9.02% to $22.20. Billionaire George Soros picked up 213,000 shares last quarter, resulting in a total of 239,000 (0.06% of his fund) in his possession. The investor paid an average price of $18.40 per asset.
The second company on our list is Restoration Hardware Holdings Inc (NYSE:RH). The home furnishings company dipped -6.03% to $68.15. This was another punch for Soros, who bought up 100,000 shares (0.07% of his fund) for $69.55 during last quarter.
The third and final company in our midday losers list is JinkoSolar Holding Co., Ltd. (NYSE:JKS). The energy company was down -4.85%, reaching $26.53. This is another new Soros’ acquisition, who purchased 121,000 shares (0.03% of his fund) for $15.77 last quarter.