Cathie Wood Is Selling These 5 Stocks

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In this article, we discuss the 5 stocks which Cathie Wood is selling. If you want our detailed analysis of these stocks, go directly to Cathie Wood Is Selling These 13 Stocks

5. NetApp, Inc. (NASDAQ:NTAP)

Cathie Wood’s hedge fund bought a new stake in Cloud data services company Netapp in the fourth quarter of 2021. However, during the third quarter of this year, the hedge fund sold its stake in the company. The stake was valued at $148,000. The stock fell in September after investment firm Susquehanna downgraded it citing lack of catalysts. The firm’s analyst Mehdi Hosseini downgraded the stock to Neutral, and said that the sector will “continue to underperform into 2023 because there is no visibility/catalyst on the timing and pace of a recover.”

As of the end of the second quarter of 2022, 36 hedge funds tracked by Insider Monkey had stakes in the company, compared to 37 funds in the previous quarter.

Follow Netapp Inc. (NASDAQ:NTAP)

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