Today’s midday gainers are Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), Axiall Corp (NYSE:AXLL), Forest Laboratories, Inc. (NYSE:FRX) and midday losers are Cobalt International Energy, Inc. (NYSE:CIE), Dex Media Inc (NASDAQ:DXM), Yume Inc (NYSE:YUME).
Soros wins with Clear Channel
Today’s midday gainer is Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), as the advertising company shot up +10.51% to $9.78. Billionaire George Soros holds 1.8 million shares (0.37% of his fund), acquired for $7.82. Ray Dalio owns 50,000 CCO shares, representing 0.01% of his holdings. The investor paid an average price of $7.75.
Black Bear Value Fund update for the month ended November 30, 2022. Q3 2022 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you are subscribed and having an account error please clear cache and cookies if Read More
The second company with the major gain is Axiall Corp (NYSE:AXLL). The stock climbed +8.28% to $49.05. This one is in the holdings of a number of our billionaires. David Tepper holds 1.8 million shares (1.11% of his fund), acquired at $50.58 each. Thomas Stayer owns 775,000 shares (0.60% of his holdings), having paid $47.85 per share. Ray Dalio has a stake in AXLL as well. The investor bought 11,000 shares for $41.49 during last quarter.
Last up is Forest Laboratories, Inc. (NYSE:FRX). The healthcare company increased +6.69% to $54.74 after acquiring exclusive rights in the United States for Saphris (asenapine) sublingual tablets, a treatment for adult patients with schizophrenia or acute bipolar mania. Carl Icahn owns 30.6 million FRX shares (5.33% of his fund), purchased at an average $35.77.
Topping off our list of midday losers this Monday is Cobalt International Energy, Inc. (NYSE:CIE), which dropped -16.46% to $18.57. Billionaire John Paulson holds 11.6 million shares (1.86% of his fund), acquired for $27.05. And Ray Dalio who owns 52,000 shares (0.01% of his holdings), purchased for $27.16.
Dex Media Inc (NASDAQ:DXM) dipped -10.19% to $6.52. This was another punch for Paulson, who owns 2.2 million shares (0.12% of his portfolio). The investor paid an average price of $16.64 per asset.
The third and final firm on today’s list is Yume Inc (NYSE:YUME). The tech stock decreased -8.01% to $8.04. Billionaire George Soros picked up 400,000 shares for $9.88 during last quarter. Today, this firm represents 0.05% of his fund.