Billionaire Steve Cohen and Insiders are Buying These 5 Stocks

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1. Morphic Holding Inc. (NASDAQ:MORF)

Steve Cohen’s Stake: $132,588,080

Biopharmaceutical company Morphic Holding Inc. (NASDAQ:MORF) is one of the top stocks in Steve Cohen’s portfolio bought by corporate insiders. On May 3, 2023, Timothy Springer, PhD, who has a director status at Morphic Holding Inc. (NASDAQ:MORF), bought 1,050,000 shares of Morphic Holding Inc. (NASDAQ:MORF) at $45.00 per share. Since then the stock has lost about 33% in value.

As of the end of the fourth quarter of 2023, 24 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Morphic Holding Inc. (NASDAQ:MORF).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Insiders are Selling These 10 Stocks in 2024 and the Centi-Billionaire Bill Gates’ Top 15 Dividend Stocks.

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