5 Stocks to Sell Now According to Christopher Hillary’s Roubaix Capital

2. Immersion Corporation (NASDAQ:IMMR)

Number of Hedge Fund Holders: 16

Immersion Corporation (NASDAQ:IMMR) is based in California and operates as a tech company by developing and licensing haptic technology. This technology is used in various appliances like mobiles, medical training equipment, and consoles.

Insider Monkey tracked that 16 hedge funds had stakes in Immersion Corporation (NASDAQ:IMMR) in the September quarter of 2021. These stakes are valued at $51.4 million. The number of the hedge fund has decreased from 21 as tracked in the previous quarter, showing a negative hedge fund sentiment.

Roubaix Capital held 526,278 shares of the company in the second quarter of 2021, worth $4.62 million, which the hedge fund sold in the third quarter.