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Friday, December 13, 2013

Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation

Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).
Soros gets a double boost with Sarepta and Towerstream

On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.

The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.

Third and last stock in our midday gainer list is Icahn Enterprises LP (NASDAQ:IEP), after a tough week the company rose +6.28% to $119.50. Carl Icahn holds 100.4 million shares (33.95% of his fund) purchased at an average price of $82.95.
George Soros
George Soros

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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.