Omega Advisors, a hedge fund run by Chief Executive Leon Cooperman, sold its stake in Apple Inc and took new stakes in SandRidge Energy Inc and Facebook Inc in the fourth quarter, a regulatory filing showed on Wednesday.Cooperman, whose hedge fund had $7 billion in assets as of last November, sold his entire stake of 266,404 shares in tech giant Apple, the Securities and Exchange Commission filing showed.Shares in Apple pared slight gains and were off 0.37 percent at $466.19 in afternoon trading Wednesday after the filing was released.Apple has come under scrutiny from prominent hedge fund manager David Einhorn, who announced on Feb. 7 that he was suing the company to get it to deploy its $137 billion cash pile more effectively and halt a 35 percent drop in its share price from a record high in September. Einhorn's fund, Greenlight Capital, has a stake in the company worth about $600 million.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.54% or $-2.51/share to $465.39. In the past year, the shares have traded as low as $435.00 and as high as $705.07. On average, 21700500 shares of AAPL exchange hands on a given day and today's volume is recorded at 15336959.
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 1.94% or $0.53/share to $27.90. In the past year, the shares have traded as low as $17.55 and as high as $45.00. On average, 73363696 shares of FB exchange hands on a given day and today's volume is recorded at 46503168.
SandRidge Energy, Inc. (SandRidge) is an independent oil and natural gas company. Shares of SD traded higher by 4.26% or $0.24/share to $5.87. In the past year, the shares have traded as low as $4.81 and as high as $8.98. On average, 12894400 shares of SD exchange hands on a given day and today's volume is recorded at 18260620.
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