Today’s midday gainers are Rite Aid Corporation (NYSE:RAD), MakeMyTrip Limited (NASDAQ:MMYT), Delta Air Lines, Inc. (NYSE:DAL) and midday losers are Ctrip.com International, Ltd. (NASDAQ:CTRP), Sprint Corporation (NYSE:S), Molycorp, Inc. (NYSE:MCP).
Tepper and Robertson get a big boast with Delta
Today’s midday gainer is Rite Aid Corporation (NYSE:RAD), which shot up +8.73% to $5.48. As of September, David Einhorn holds 16.1 million shares (1.37% of his fund), acquired for an average $2.43 each. Another investor with a position in RAD is Ray Dalio, who bought 96,000 shares for $3.84 last quarter.
Vanguard’s move into PE may change the landscape forever
Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More
The second stock on our midday gainers list is MakeMyTrip Limited (NASDAQ:MMYT). The online travel company climbed +6.26% to $21.06. Tiger Global Management holds 7.1 million shares, representing 1.79% of its portfolio. The fund run by Chase Coleman paid an average price of $29.51 per share.
Delta Air Lines, Inc. (NYSE:DAL) seems to be closing out the week well, too. The airliner is up +5.92% to $29.34 after reporting solid gains in its December traffic. This is a nice bit of news for David Tepper, who holds 8,4 million shares (3.15% of his fund). The investor paid an average price of $10.31 per asset. Julian Robertson has DAL stakes as well. He picked up 863,000 shares (3.12% of his holdings) for $21.21 last quarter.
Topping off our midday losers list is Ctrip.com International, Ltd. (NASDAQ:CTRP). The travel firm dipped -8.12% to $45.40. Over the last quarter, George Soros picked up 50,000 shares, now composing 0.03% of his fund, for $44.36 per asset.
Sprint Corporation (NYSE:S) also took a hit today. The tech company dropped -5.96% to $9.78 after being downgraded to “sell” by Stifel Nicolaus. Leon Cooperman holds 35.2 million shares (3.32% of his holdings), and John Paulson holds 56.6 million shares (2.27%).
Last up is Molycorp, Inc. (NYSE:MCP). The supplier of rare earth materials was down -5.88% to $5.92. This was another dig for Soros, who bought 2.2 million shares for $6.81 last quarter. This position represents 0.16% of billionaire’s fund.