Weekly gainers for January 3rd, 2014 are Molycorp, Inc. (NYSE:MCP), Enphase Energy, Inc. (NASDAQ:ENPH), Allied Nevada Gold Corp. (NYSEMKT:ANV) and weekly losers are Noah Holdings Limited (NYSE:NOAH), Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX), DryShips Inc. (NASDAQ:DRYS).
George Soros wins with Molycorp
Topping off our weekly gainers list is Molycorp, Inc. (NYSE:MCP), the stock price of which surged an impressive +30.77% to reach $5.95. Last quarter, billionaire George Soros bought 2.2 million shares for $6.81 each. This position represents 0.16% of Soros’ fund.
This year has been a record-breaking year for initial public offerings with companies going public via SPAC mergers, direct listings and standard IPOS. At Techlive this week, Jack Cassel of Nasdaq and A.J. Murphy of Standard Industries joined Willem Marx of The Wall Street Journal and Barron's Group to talk about companies and trends in Read More
Following Molycorp Inc. is Enphase Energy, Inc. (NASDAQ:ENPH). The seller of microinverter systems for the solar photovoltaic industry increased +17.3% to $6.80. With 7.4 million ENPH shares (1.51%), Daniel Loeb has held a position in the firm since June 2012.
Gold and silver producer Allied Nevada Gold Corp. (NYSEMKT:ANV) rose +16.76% this week to hit $3.83. As of September, John Paulson owns 1.5 million shares, composing 0.04% of his portfolio. The investor paid an average price of $32.18.
The year started off rough for wealth management company Noah Holdings Limited (NYSE:NOAH), which dipped -11.56% to $16.97 this week. With 156,000 shares, NOAH represents 0.07% of Richard Chilton’s fund. The billionaire paid an average price of $9.39 per asset.
Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX), a biopharmaceutical company, dropped -11.40% to $6.08.Seth Klarman holds 39.8 million shares (4.40% of his fund) after acquiring more than 13 million assets last quarter. Each asset cost Klarman an average price of $5.41.
And industrial stock DryShips Inc. (NASDAQ:DRYS), decreased -8.30% to $4.24, meaning another hit for Chilton. The investor holds 3.2 million DRYS shares (0.32% of his fund), acquired for $2.77. Additionally, George Soros bought 590,000 shares (0.02% of his portfolio) for $2.85 last quarter.