Ackman Short Keeps Looking Better as Herbalife Takes a Dive

3

Voltari Corp (NASDAQ:VLTC), Kite Pharma Inc (NASDAQ:KITE) and Uniqure NV (NASDAQ:QURE) are approaching market close in the green this Monday. In the red are Laredo Petroleum Inc (NYSE:LPI), Herbalife Ltd. (NYSE:HLF) and SandRidge Energy Inc. (NYSE:SD).

Sign up for our free daily newsletter

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/6 22:21 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More


Voltari Corp. Rebounds

Voltari Corp (NASDAQ:VLTC) climbed +26.97% today, though it’s still declined nearly -80% over the past year. The mobile advertising and marketing company was one of the worst-performing stocks in Carl Icahn’s portfolio in 2014. The billionaire has owned 678,000 VLTC shares since the second quarter of 2013.

[drizzle]

Kite Pharma Inc (NASDAQ:KITE) surged +13.6% after inking a deal with Amgen to develop and market cancer immunotherapies. Billionaire investor George Soros initiated a stake in the biopharmaceutical company in the third quarter of last year and has made a notable gain on his investment, with KITE gaining +97.36% over the past three months alone.

Uniqure NV (NASDAQ:QURE) approached market close up +13.53%. The Netherlands-based pharmaceutical company has rallied +68.1% over the past three months. Thomas Steyer’s Farallon Capital has held 50,000 QURE shares since the first quarter of 2014.

Oil Takes a Toll on Laredo Petroleum, SandRidge Energy

Laredo Petroleum Inc (NYSE:LPI) tumbled -14.4% – the result of plunging oil prices. In Richard Chilton’s portfolio since the fourth quarter of 2013, the energy stock has fallen -64.21% over the past year.

Herbalife Ltd. (NYSE:HLF) plummeted -13.13%, putting its one-month loss at -22.41%. The takeaway: Bill Ackman’s long-standing short on the company is looking like a good idea. Only time will tell how long billionaires Carl Icahn and George Soros will be willing to hold onto the stock.

Oil prices also took a toll on SandRidge Energy Inc. (NYSE:SD), which approached market close Monday down -12.57%. Leon Cooperman initiated a stake in the firm during the fourth quarter of 2012 and as of the third quarter of 2014 holds 45.48 million SD shares.

[/drizzle]