IAMGOLD Corp. (NYSE:IAG), International Tower Hill Mines Ltd. (NYSEMKT:THM) and Zhaopin Ltd. (NYSE:ZPIN) are making notable gains on the market this Tuesday. Posting losses are Civeo Corp. (NYSE:CVEO), iDreamSky Technology Ltd. (NASDAQ:DSKY) and Globalstar Inc. (NYSEMKT:GSAT).
David Einhorn's Greenlight Capital funds were up 11.9% for 2021, compared to the S&P 500's 28.7% return. Since its inception in May 1996, Greenlight has returned 1,882.6% cumulatively and 12.3% net on an annualized basis. Q4 2021 hedge fund letters, conferences and more The fund was up 18.6% for the fourth quarter, with almost all Read More
IAMGOLD Rallies on Gold Price Increase
IAMGOLD Corp. climbed +10.67% thanks to gold price increases and has gained +25.59% over the past month. Billionaire John Paulson is a long-time IAG shareholder, and Ray Dalio first invested in the company in early 2013.
International Tower Hill Mines surged +10.21%. The mineral exploration company, another John Paulson pick, is down -4.88% year-to-date.
Zhaopin Ltd. gained +7.32% and is up +20.35% over the past three months. The China-based online career platform went public in June – around the time Chase Coleman’s Tiger Global disclosed a 1.25-million-share position in the company.
Civeo Crumbles After Cutting Dividend and Slashing Guidance
Civeo Corporation dove -52.36% after suspending its dividend and handing in weak guidance for the year ahead. The company provides workforce accommodations in the Canadian oil sands and Australian natural resource regions and has been hit hard by oil’s price drop. With 6.15 million CVEO shares in his portfolio as of Q3, David Einhorn is taking a big hit on this one.
iDreamSky Technology dipped -8.63% today, putting its one-month loss at -20.81%. An independent mobile game publishing platform, iDreamSky went public in August and is a new third quarter acquisition for billionaire George Soros as well as for Chase Coleman’s Tiger Global.
Globalstar Inc. fell -7.58% today. Though 2014 has been good for the company, which has climbed more than +50% this year, 2015 may be a different story. A recent article in TheStreet signals growing concerns that the company may be left behind as Wi-Fi technologies advance. With 3.23 million GSAT shares in his portfolio as of Q3, George Soros will surely be keeping a close eye on this one.