eBay Gives OK on PayPal Spin-Off, Surges Midday

dELiA*s, Inc. (NASDAQ:DLIA), Lumos Networks Corp (NASDAQ:LMOS) and eBay Inc (NASDAQ:EBAY) are today’s top-gaining billionaire stock picks midday. On the losing end are Endeavour International Corporation (NYSE:END), Voltari Corp (NASDAQ:VLTC) and NII Holdings Inc (OTCMKTS:NIHD).

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This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery

D1 CapitalThe first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More


dELiA*s Surges Following Acquisition Chatter

dELiA*s, Inc. (NASDAQ:DLIA) climbed +14.76% early in the day this Tuesday after revealing that it has received several inquiries regarding a potential acquisition and plans to evaluate strategic alternatives. It’s been a tough 2014 for the apparel retailer, which has dropped -68.19% year-to-date. Tiger Global has maintained a 3.4-million-share position since the fourth quarter of 2013.

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Lumos Networks Corp (NASDAQ:LMOS) jumped +8.27% midday – the result of comments yesterday that the company is beginning the sale process. A fiber-based service provider in the Mid-Atlantic region, Lumos has been in George Soros’ investment portfolio since the second quarter of 2013. It has gained +16.71% over the past five days.

Taking the third and final spot on today’s list of midday gainers is eBay Inc (NASDAQ:EBAY), up +7.6%. eBay’s surge comes on the heels of the announcement that it will split off its PayPal division next year – a move activist investor Carl Icahn made a major push for at the start of the year. Billionaire investors Seth Klarman and Leon Cooperman are also likely welcoming the news.

Endeavour International Dives

Endeavour International Corporation (NYSE:END) dipped -12.13%, putting its year-to-date loss at -94.98%. The oil and gas company is a new Q2 buy for billionaire investor George Soros.

The share price of Voltari Corp (NASDAQ:VLTC) fell -11.7% early in the day today. A provider of mobile merchandising, digital marketing and advertising solutions, Voltari is down -55.98% YTD. Carl Icahn has held 678,000 VLTC shares since the second quarter of 2013.

NII Holdings Inc (OTCMKTS:NIHDQ) dropped -9.22% as bankruptcy struggles continue to dog the George Soros pick. NIHD is down nearly -100% YTD.

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