Leon Cooperman’s Comments Spur SandRidge Energy Plunge

Leon Cooperman’s Comments Spur SandRidge Energy Plunge

MacroGenics Inc. (NASDAQ:MGNX), Rite Aid Corporation (NYSE:RAD) and Voltari Corporation (NASDAQ:VLTC) made major gains on the market this Thursday. Posting losses are Silicon Image Inc. (NASDAQ:SIMG), Linn Energy LLC (NASDAQ:LINE) and SandRidge Energy Inc. (NYSE:SD).

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MacroGenics Inc. climbed +15.66% today, putting its one-month gain at +37.63%. The clinical-stage biopharmaceutical company has been in George Soros’ portfolio since the second quarter of the year. As of his most recent regulatory filing, the billionaire holds 19,000 MGNX shares.

Rite Aid Corporation ended the day up +11.88% thanks to impressive earnings results and increased full-year guidance. The retail drugstore chain has climbed +33.99% YTD, to the benefit of billionaire shareholder Ray Dalio.


Leon Cooperman Picks LINE, SD Plunge

Carl Icahn pick Voltari Corp bounced +11.41%, though it’s still down -77.26% in 2014. The company delivers merchandising, digital marketing and advertising solutions via smartphones and other mobile devices.

The share price of Silicon Image tumbled -27.3% today after the company issued a sales warning for fiscal 2015. The connectivity solutions provider said the drop in revenue is a result of a “reduction in mobile design wins at one of its largest customers.” A new Q3 buy for George Soros, SIMG is down about -10% over the past 30 days.

Linn Energy dropped -11.52%, putting its one-month loss at -47.8% and year-to-date performance at -61.09%. The independent oil and natural gas company is a long-time Leon Cooperman holding.

SandRidge Energy Inc. dropped -8.54% this Thursday in the wake of comments made by Leon Cooperman on an interview with CNBC. “If present prices persisted for several years, SandRidge’s would be an issue,” he explained, clarifying that his fund, Omega Advisors, still owns the company, though its price decline has caused its allocation to decrease. SD has plummeted -70.02% year-to-date.


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