Home Technology eBay Gives OK on PayPal Spin-Off, Surges Midday

eBay Gives OK on PayPal Spin-Off, Surges Midday

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dELiA*s, Inc. (NASDAQ:DLIA), Lumos Networks Corp (NASDAQ:LMOS) and eBay Inc (NASDAQ:EBAY) are today’s top-gaining billionaire stock picks midday. On the losing end are Endeavour International Corporation (NYSE:END), Voltari Corp (NASDAQ:VLTC) and NII Holdings Inc (OTCMKTS:NIHD).

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dELiA*s Surges Following Acquisition Chatter

dELiA*s, Inc. (NASDAQ:DLIA) climbed +14.76% early in the day this Tuesday after revealing that it has received several inquiries regarding a potential acquisition and plans to evaluate strategic alternatives. It’s been a tough 2014 for the apparel retailer, which has dropped -68.19% year-to-date. Tiger Global has maintained a 3.4-million-share position since the fourth quarter of 2013.


Lumos Networks Corp (NASDAQ:LMOS) jumped +8.27% midday – the result of comments yesterday that the company is beginning the sale process. A fiber-based service provider in the Mid-Atlantic region, Lumos has been in George Soros’ investment portfolio since the second quarter of 2013. It has gained +16.71% over the past five days.

Taking the third and final spot on today’s list of midday gainers is eBay Inc (NASDAQ:EBAY), up +7.6%. eBay’s surge comes on the heels of the announcement that it will split off its PayPal division next year – a move activist investor Carl Icahn made a major push for at the start of the year. Billionaire investors Seth Klarman and Leon Cooperman are also likely welcoming the news.

Endeavour International Dives

Endeavour International Corporation (NYSE:END) dipped -12.13%, putting its year-to-date loss at -94.98%. The oil and gas company is a new Q2 buy for billionaire investor George Soros.

The share price of Voltari Corp (NASDAQ:VLTC) fell -11.7% early in the day today. A provider of mobile merchandising, digital marketing and advertising solutions, Voltari is down -55.98% YTD. Carl Icahn has held 678,000 VLTC shares since the second quarter of 2013.

NII Holdings Inc (OTCMKTS:NIHDQ) dropped -9.22% as bankruptcy struggles continue to dog the George Soros pick. NIHD is down nearly -100% YTD.

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