International Tower Hill Mines (NYSE:THM), McGraw Hill Financial Inc. (NYSE:MHFI) and Clovis Oncology Inc. (NASDAQ:CLVS) hit market close well in the green this Tuesday. In the red are Altisource Portfolio Solutions (NASDAQ:ASPS), Yamana Gold Inc. (NYSE:AUY) and GoPro Inc. (NASDAQ:GPRO).
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THM Surges on the Heels of Paulson Buy
International Tower Hill Mines surged +13.25% today following John Paulson’s disclosure of a 19.8% stake in the company. At the end of the December, the billionaire picked up an additional 14.15 million THM shares. The news marks a change of pace for Paulson, who lately has been making headlines for less-than- positive reasons.
McGraw Hill Financial ended the day up +5.98% after analysts at Barclays increased their target price on the stock from $100.00 to $103.00. The financial services company has been in Steve Mandel’s portfolio since the fourth quarter of 2013, and as of the third quarter of last year, the investor has 10.83 million of the company’s shares. MHFI has climbed +16.47% over the past year.
Clovis Oncology gained +5.85% this Tuesday, ending the day priced at $61.34. The biotech company, a Farallon Capital holding, has rallied nearly +10% over the past week.
GoPro Investors Say “Uh-Oh” After Apple Gets Patent Approval
Altisource Portfolio Solutions plummeted -38.79% today, just days ahead of a scheduled conference call to discuss recent events and strategy. A marketplace and transaction solutions provider for real estate, mortgage and consumer debt industries, Altisource is a long-time Leon Cooperman stock pick. Its price has fallen -89.88% over the past year.
Yamana Gold tumbled -12.68% after announcing that it has entered into an agreement with bankers to raise $250 million in a bought share issue deal. The company is one of Ray Dalio’s Bridgewater Associates’ gold holdings. Despite today’s dip, it’s up +2.74% this year.
GoPro plunged -12.17% after Apple secured a number of patents, including one that indicates it may soon be dipping its toes into the sports camera business. Tiger Global purchased more than 500,000 GPRO shares during the third quarter of last year and will be paying close attention to how this plays out.