The 10 Craziest Numbers of the Past Week
Sure, the past week may have appeared short on excitement as many traders were eying the long weekend. But that doesn’t mean there has been a shortage of compelling numerical factoids in recent days. Quite the contrary. We have plenty of data with which to compile another batch of Trader Daily Top 10 Crazy Numbers. So without further ado…
That’s how much hedge fund luminary David Einhorn is doling out to become part owner of the New York Mets, according to The Wall Street Journal. The deal still isn’t finalized, but as the Journal notes, Einhorn has a reputation for buying undervalued assets. Perhaps the Mets qualify as such.
The number of World Series titles that the Mets have won. Einhorn is paying $100 million per title. Is that a good deal?
The number of companies listed on the new Integrated Latin American Market, or MILA, the stock exchange that combines equity exchanges in Chile, Colombia and Peru, according to MarketWatch.
796,903 and 30,425:
The number of shares Steven Cohen’s SAC Capital held in MedImmune at the end of the first and second quarters of 2007, according to The Wall Street Journal. MedImmune was acquired for $15 billion early in the second quarter of that year. The Securities and Exchange Commission is investigating whether SAC traders used inside information to profit from the MedImmune takeover.
The number of millionaires living in China, Bloomberg reported, citing a Boston Consulting Group Survey. That puts China third behind the U.S. and Japan for millionaire households.
As in 500 times, LinkedIn’s (LNKD) intial trailing price-to-earnings ratio, according to The Globe and Mail.
The number of shares sold short in the SPDR S&P 500 Trust (SPY) as of May 31, according to Wall St. Cheat Sheet. SPY is the world’s largest ETF by assets.
As in $4 billion. That’s how much BP’s (BP) spill compensation fund has paid out, according to OilSlick. That’s well below the $20 billion BP set aside for the fund in June 2010.
As in 14.4%, the amount Nokia’s (NOK) shares plunged by on Tuesday after the Finnish cell phone maker warned on second-quarter revenue and margins. Nokia’s shares have tumbled by almost 50% in the past two years.
The number of sectors tracked in the S&P 500 that were positive in May, according to CNBC. That’s not impressive when considering the index tracks 10 sector groups.
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