5 Stocks That Just Received Sell Rating from Analysts

4. ChampionX Corporation (NASDAQ:CHX)

Number of Hedge Fund Holders: 30     

ChampionX Corporation (NASDAQ:CHX) is a Texas-based firm that provides technology and equipment solutions to the oil and gas industry. It is placed fourth on our list of 10 stocks that just received a Sell rating from analysts.

On September 17, investment advisory Goldman Sachs initiated coverage of ChampionX Corporation (NASDAQ:CHX) stock with a Sell rating and a price target of $22, noting that the firm generated revenue from North American markets where volume growth is likely “muted”.

At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $525 million in ChampionX Corporation (NASDAQ:CHX), up from 28 in the previous quarter worth $589 million.