5 Stocks to Sell According to Motley Fool

 

3. Editas Medicine, Inc. (NASDAQ:EDIT)

Number of Hedge Fund Holders: 22

Editas Medicine, Inc. (NASDAQ:EDIT) is among the stocks to sell according to Motley Fool. The firm first initiated a position in Editas Medicine, Inc. (NASDAQ:EDIT) in the final quarter of 2018 and sold out its entire stake in the company during the September quarter of 2021 when its shares were trading above the $50 level. The move appears to be well-times as the stock price of Editas Medicine, Inc. (NASDAQ:EDIT) tumbled sharply in the December quarter and has extended that downtrend into 2022. 

The number of long hedge fund bets on Editas decreased by 1 in Q3, as Editas Medicine, Inc. (NASDAQ:EDIT) was in 22 hedge funds’ portfolios at the end of the third quarter of 2021. Although Motley Fool sold out its entire stake in the company, several popular hedge funds such as Catherine D. Wood’s ARK Investment Management and Two Sigma Advisors were still bullish about Editas Medicine, Inc. (NASDAQ:EDIT).