David Tepper’s Appaloosa bought and sold Valeant shares in first quarter

(REUTERS)David Tepper’s hedge-fund firm Appaloosa bought nearly 1 million shares in Valeant Pharmaceuticals International Inc in the first three months of 2016, according to regulatory filings, but sold them during the first quarter.Shares of Valeant jumped 2 percent after filings revealed Appaloosa’s 945,000-share stake, but CNBC reported that the firm has already sold out of the position, citing a person familiar with the situation. A spokesman for Appaloosa declined to comment.

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