Soros, Icahn Take a Beating on WebMD Shares (WBMD)
With shares of WebMD Health Corp. (NASDAQ: WBMDF) getting beaten up today, there are a couple of big-time investors sharing in the pain. George Soros recently upped his stake in the company to 6.14% and Carl Icahn holds 7.99% of…
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With shares of WebMD Health Corp. (NASDAQ: WBMDF) getting beaten up today, there are a couple of big-time investors sharing in the pain. George Soros recently upped his stake in the company to 6.14% and Carl Icahn holds 7.99% of WebMD’s 56.4 million shares outstanding.
WebMD’s stock is down nearly -29% this morning after the company’s CEO resigned, the board killed its search for an acquirer, and the company announced lowered revenue expectations for 2012.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
