Caesars Entertainment Corp NASDAQ:
CZR, Orexigen Therapeutics, Inc. NASDAQ:
OREX and Fossil Group Inc NASDAQ:
FOSL reached midday with major gains. Taking tumbles midday are Altisource Portfolio Solutions S.A. NASDAQ:
ASPS,
Cal Dive International, Inc. OTCMKTS:
CDVI and Stemline Therapeutics Inc NASDAQ:
STML.
Caesars Surges Thanks to Credit Agreement Caesars Entertainment Corp (
CZR) reached midday up +27.11% thanks to
reports that it has reached an agreement with creditors regarding its debt restructuring plan.
Leon Cooperman,
John Paulson and
George Soros have positions in the casino operator, which despite today's gain is down -34.03% YTD.
The share price of Orexigen Therapeutics, Inc. (
OREX) climbed +18.95% early in the day today, putting its five-day gain at +48.15%. The drug developer has gained 74.36% over the past month - much to the benefit of
Farallon Capital, which as of Q2 holds 2.68 million OREX shares.
Fossil Group Inc (
FOSL) got an +8.16% boost this morning after surpassing analysts' estimates on earnings and announcing a renewed deal with Michael Kors
( KORS). The company, a
Ray Dalio holding, has gained +9.66% over the last three months.
Altisource Portfolio Solutions Plunges Altisource Portfolio Solutions S.A. (
ASPS) plunged -21.8% today, hitting a new low after
announcing that it is discontinuing its Lender Placed Insurance brokerage line of business. ASPS, a long-time
Leon Cooperman holding, has declined -63.4% year-to-date.
Cal Dive International, Inc. OTCMKTS:CDVI continues its freefall, its price dipping -21.74% by midday today. The company was
delisted from the New York Stock Exchange just last week - a tough break for billionaire investor
George Soros.
Also having a rough go this Wednesday is Stemline Therapeutics Inc (
STML), the share price of which fell -7.56% despite
beating expectations on earnings. STML, a
Farallon Capital holding, is down -28.47% YTD.
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Orexigen Therapeutics Continues to Rally appeared first on
ValueWalk.
-By iBillionaire