Why These 5 Stocks Are Heading Lower Today

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Stratasys, Ltd. (NASDAQ:SSYS) fell by more than 4% after analysts at JPMorgan Chase downgraded the company to ‘Neutral’ from ‘Overweight’. The analysts also cut their price target to $19 per share from $24 per share, while analysts at Jefferies trimmed their target price on the stock to $30 from $37. Stratasys, Ltd. (NASDAQ:SSYS) shares have fallen by more than 31% year-to-date on bearish investor sentiment. Philippe Laffont‘s Coatue Management reported holding a $63.48 million position in the stock as of the end of September.

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Last but not least, Murphy USA Inc (NYSE:MUSA) is 5.5% in the red today after the Board of Directors authorized a strategic shift regarding its relationship with Wal-Mart Stores, Inc. (NYSE:WMT) which will see it allocate capital towards seeking new opportunities for further independent growth. Moreover, the company approved a $500 million share repurchase program. Because of today’s retreat, shares of Murphy USA Inc (NYSE:MUSA) have lost around 12% year-to-date. Hedge funds were optimistic on Murphy USA Inc (NYSE:MUSA) in the third quarter, with 22 funds long the stock at the end of the quarter, up from 19 funds long the stock at the close of the second quarter.

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Disclosure: None

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