MEG Takes a Big Dip, But Buffett Still In The Black

MEG Takes a Big Dip, But Buffett Still In The Black

Today’s daily gainers are Sealed Air Corp (NYSE:SEE), Electronic Arts Inc. (NASDAQ:EA), LSI Corp (NASDAQ:LSI) and daily losers are IAC/InterActiveCorp (NASDAQ:IACI), Media General, Inc. (NYSE:MEG), Sarepta Therapeutics, Inc. (NASDAQ:SRPT).

MEG Takes a Big Dip, But Buffett Still In The Black

Sealed Air is today’s top performing stock

Today’s top gainer is Sealed Air Corp (NYSE:SEE), a company that provides food safety and security, facility hygiene, and product protection solutions worldwide. Its stock shot up +8.03% ($30.81) after reporting better-than-expected Q3 earnings. This firm is in the portfolio of many of our billionaires. David Tepper holds 1.2 million shares (0.42% of his fund), bought at an average price of $14.55. Billionaire Julian Robertson has 42,000 shares, representing 0.15% of his portfolio and purchased for $20.37. Ray Dalio holds 18,000 shares, acquired at $20.73 per share.

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

The second company on our daily gainers list is Electronic Arts Inc. (NASDAQ:EA). Following a solid earnings report, the stock increased +7.92% and is now trading at $26.04. Billionaire Leon Cooperman reduced his EA position last quarter with the sale of 649,000 shares. Today, EA represents 0.28% of Cooperman’s portfolio. He paid an average price of $16.52 per share.

Last up is LSI Corp (NASDAQ:LSI), a company that designs, develops and markets storage and networking semiconductors worldwide. The stock rose +5.30% to $8.44, making George Soros a little richer. The billionaire acquired 3.06 million shares at an average price of $6.83 last quarter. This position represents 0.24% of his portfolio.

MEG shares drop

One company with a major loss today is IAC/InterActiveCorp (NASDAQ:IACI). After missing its earnings target, the company’s stock price fell -9.93%, hitting $52.15. Billionaire David Einhorn was affected by this movement. He owns 1.7 million shares, representing 1.60% of his fund. The investor paid an average price of $46.32.

The second stock on our daily loser list is Media General, Inc. (NYSE:MEG), a television broadcast and digital company. It decreased -9.15% to $12.91. This was not a good news for Warren Buffett, who holds 4.6 million shares (0.06% of his fund). The billionaire paid an average price of $4.63 per share, meaning today’s drop probably didn’t phase him.

The third and final company in our daily loser ranking is Sarepta Therapeutics Inc (NASDAQ:SRPT). The biopharmaceutical stock dipped -8.89% to $38.17. With 426,000 SRPT shares acquired at $26.51, this took a tiny bite out of George Soros’ pocketbook. Sarepta represents 0.18% of his fund.

No posts to display