Two hedge fund superstars are still holding loads of Valeant stock
Reuters/ Jeff Zelevansky
As of the end of the third quarter, Omega was holding 484,915 Valeant shares worth over $86 million.
Paulson & Co. sold 110,000 shares of the stock in Q3, but is still holding about 8.9 million shares of the stock worth $1.6 billion.
Valeant Pharmaceuticals' stock has lost over 50% of its value over the last few weeks.
Revelations of shady dealings by its former partner specialty pharmacy - a pharmacy that distributes products and takes care of insurance billing for big drug companies - and state and federal investigations into the Valeant's drug price increases have sent investors running for the exits.
Valeant shares closed Monday down 2.86%, at a price of $73.29. At the start of the third quarter they were worth around $232, and they closed the quarter at $178.
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market