Tech Stocks Are Soaring Soros

Today’s midday gainers are Red Hat, Inc. (NYSE:RHT), Marketo, Inc. (NASDAQ:MKTO), Magnum Hunter Resources Corporation (NYSE:MHR) and midday losers are TIBCO Software Inc. (NASDAQ:TIBX), InterDigital, Inc. (NASDAQ:IDCC), Rite Aid Corporation (NYSE:RAD).

George Soros soars with tech stocks

On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.

Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.

Last but not least is Magnum Hunter Resources Corporation (NYSE:MHR), the energy company climbed +8.34% to $7.27. This is another hit for Soros since he owns 2.4 million shares (0.17% of his fund) acquired for $4.81.

Source @ valuewalk