Leap Wireless Shakeup, Paul Tudor Jones Position Changes: Tech Business Recap
Leap Wireless International (NASDAQ:LEAP) announced on Thursday that its Chief Financial Officer, Jerry Elliott, was moved to chief operating officer and that Perley McBride was chosen as its next CFO. The company reported making the moves in order to “accelerate operational improvements and better enable management to direct the company’s long-term strategy in a time of industry transition.”
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Hedge fund star Paul Tudor Jones has made some major position changes, according to his 13F filing day. From Tudor’s third quarter Securities and Exchange Commission disclosure, there were a number of tech stock movements, such as downsizing Apple (NASDAQ:AAPL) from 102,925 shares to 9,200, increasing Groupon (NASDAQ:GRPN) by 150,000, and Facebook (NASDAQ:FB) by 100,000; and Zynga (NASDAQ:ZNGA) jumping from 400,000 shares in the second quarter to 649,578.