John Paulson Bets THM and KMDA Dip Midday

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John Paulson Bets THM and KMDA Dip Midday

Today’s midday gainers are Axiall Corp (NYSE:AXLL), NovaGold Resources Inc. (NYSEMKT:NG) and PBF Energy Inc (NYSE:PBF). On the losing end are International Tower Hill Mines Ltd (NYSEMKT:THM), Kamada Ltd (NASDAQ:KMDA) and THL Credit, Inc. (NASDAQ:TCRD).

Price Upgrade Lifts Axiall

The top gainer midday this Thursday is Axiall Corp (NYSE:AXLL), which surged +9.61%. The company’s share price was recently upgraded by Goldman Sachs. The chemical products manufacturer is in the investment portfolios of David Tepper and Farallon Capital Management.

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Following Axiall is Seth Klarman and John Paulson holding NovaGold Resources Inc. (NYSEMKT:NG). The explorer of mineral properties increased +8.40% on the heels of positive 2013 fourth quarter and full year results.

PBF Energy Inc (NYSE:PBF), up +7.13%, is another Klarman pick. The petroleum products supplier was given a boost with the purchase of shares by Chairman Malley Thomas.

John Paulson’s Bet International Tower Hill Mines Slips

International Tower Hill Mines Ltd (NYSEMKT:THM) dipped -7.22% midday today as short-term investors cashed in for profits. The gold mining company, a John Paulson bet, is up +116.78% YTD.

Down -6.95%, biopharmaceutical company Kamada Ltd (NASDAQ:KMDA) dipped midday as well. The company has been on the NASDAQ for just ten days and trades on the Tel-Aviv Stock Exchange as well. It is part of John Paulson’s holdings.

Last on today’s list of losers is THL Credit, Inc. (NASDAQ:TCRD), which fell -4.98%. The close-end management investment company missed estimates on its results today. Leon Cooperman has an allocation in TCRD.

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