Tech Stocks Are Soaring Soros


Today’s midday gainers are Red Hat, Inc. (NYSE:RHT), Marketo, Inc. (NASDAQ:MKTO), Magnum Hunter Resources Corporation (NYSE:MHR) and midday losers are TIBCO Software Inc. (NASDAQ:TIBX), InterDigital, Inc. (NASDAQ:IDCC), Rite Aid Corporation (NYSE:RAD).

Tech Stocks Are Soaring Soros

George Soros soars with tech stocks

On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.

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Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.

Last but not least is Magnum Hunter Resources Corporation (NYSE:MHR), the energy company climbed +8.34% to $7.27. This is another hit for Soros since he owns 2.4 million shares (0.17% of his fund) acquired for $4.81.

Midday Losers

Today’s midday loser is the tech company TIBCO Software Inc. (NASDAQ:TIBX). The stock dipped -12.62% to $21.39 after presenting a worse-than-expected Q1 earnings guidance. Billionaire Daniel Loeb holds 4.4 million shares (2.83% of his portfolio) purchased at an average price of $20.68 per share. George Soros has TIBX stakes as well, he owns 1.4 million shares, representing 0.40% of his fund.

The second stock in our midday loser list is InterDigital, Inc. (NASDAQ:IDCC), the tech firm dropped -6.75% to $29.84. As of September, John Paulson holds 2.9 million asset (0.72% of his portfolio) acquired for $51.05.

Third and final company is Rite Aid Corporation (NYSE:RAD), the retail drugstore was down -6.38% to $4.84. David Einhorn holds 16.6 million shares (1.37% of his holdings) after selling four million asset during last quarter. The investor paid an average price of $2.43 per share. Ray Dalio also has a position in RAD, the investor bought 96,000 for $3.84 during last quarter.

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