Ackman Probe Sends Herbalife Soaring – Icahn, Soros Reap the Benefits

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Anacor Pharmaceuticals Inc. (NASDAQ:ANAC), Herbalife Ltd. (NYSE:HLF) and ChipMOS Technologies (NASDAQ:IMOS) reached midday with big gains this Friday. Sears Hometown and Outlet Stores (NASDAQ:SHOS), Civeo Corp. (NYSE:CVEO) and EXCO Resources Inc. (NYSE:XCO).

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Ackman Probe Sends Herbalife Soaring


Anacor Pharmaceuticals surged +13.25% early in the day after beating fourth quarter forecasts with its earnings report. Today, Wedbush analyst David Nierengarten reiterated an outperform rating on the stock and boosted his price target on the stock to $60.00.

A Wall Street Journal report that the FBI is probing Bill Ackman’s Herbalife activities sent the company’s stock soaring +11.09% this Friday. The billionaire had denied any wrongdoing, but it looks like Wall Street’s not moving in his favor. The stock’s climb has benefited Herbalife shareholders Carl Icahn and George Soros.

ChipMOS Technologies hit midday up +9.27% for the day thanks to strong Q4 earnings-per-share numbers, even though it missed the mark on revenues and put forth less-than-exciting sales guidance for Q1. George Soros has a 1.37-million-share stake in IMOS.

Sears Hometown and Outlet Stores Plunges on Disappointing Holiday Sales

Sears Hometown and Outlet Stores plunged -29.62% after reporting a 6.7% drop in sales for its holiday quarter. With nearly five million SHOS shares in his portfolio as of Q4, Edward Lampert is taking a hit on this one.

Civeo Corporation tumbled -18.13% today, even after beating expectations with its latest earnings report, out yesterday. David Einhorn holds 10.66 million CVEO shares.

EXCO Resources dipped -9.02% early in the day and is down nearly -30% over the past five days. With 12% of his portfolio allocated to the company, Wilbur Ross is taking a hit on this one.

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