3D Systems Climbs Despite Setback

3D Systems Climbs Despite Setback

Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU), MacroGenics Inc (NASDAQ:MGNX) and 3D Systems Corporation (NYSE:DDD) are making notable gains this Friday. Posting losses today are Bio Blast Pharma Ltd (NASDAQ:ORPN), Tasman Metals Ltd (NYSEMKT:TAS) and Novacopper Inc (NYSEMKT:NCQ).

Sign up for our free daily newsletter

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

MicroGenics Inc. Continues to Climb

Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU) climbed +23.69% early in the day in the wake of news of a successful production test from Freeport-McMoRan Oil & Gas’ Highlander discovery. GULTU’s surge gives a boost to the investment portfolios of billionaire shareholders Leon Cooperman and John Paulson.


MacroGenics Inc (NASDAQ:MGNX) rallied +8.45% today, putting its one-month gain at +27.71%. The biopharmaceutical company inked a major deal with Johnson & Johnson on the 22nd. George Soros picked up a position in MacroGenics in the second quarter of the year and as of the third quarter holds 19,000 MGNX shares.

3D Systems Corporation (NYSE:DDD) gained +7.73% today despite suffering a major setback with Google’s comments that it won’t use 3D-printed materials for Project Ara. In the Tiger Global portfolio since 2012, DDD has struggled on the market this year, its price declining -64.87% year-to-date.

Soros Picks Bio Blast, Tasman Metals Tumble

Bio Blast Pharma Ltd (NASDAQ:ORPN) dipped -7.36% early in the day this Friday. The biotech company is a new third quarter acquisition for billionaire George Soros, who during the period purchased 71,000 ORPN shares.

Tasman Metals Ltd (NYSEMKT:TAS) tumbled -6.47% today, putting its YTD loss at -55.15%. The junior resource company is a long-time Soros investment.

Also in the red today is Novacopper Inc (NYSEMKT:NCQ), down -5.61%. The base metals exploration company has been in John Paulson’s portfolio since the second quarter of 2012. Its price has declined -65.79% year-to-date and -18.75% over the past month.


Updated on

iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.
Previous article Complacency Everywhere
Next article Ultrasonic CEO/COO Ran Off With $60 Million In Corporate Cash

No posts to display