Cathie Wood Is Selling These 5 Stocks

4. RedHill Biopharma Ltd. (NASDAQ:RDHL)

Like other small high-growth companies that strong fundamentals, RedHill was also butchered in 2022, losing about 80% of its value in the year so far. Cathie Wood had a $1.2 million stake in the company at the end of June. However, this stake was sold during the September quarter. The company recently said that the U.S. Patent and Trademark Office (USPTO) granted a new method to use patents which protects the administration of its oral antiviral drug opaganib for certain patients with COVID-19.

Just 3 hedge  funds tracked by Insider Monkey reported owning stakes in the company at the end of June. A notable of these funds was billionaire Izzy Englander’s Millennium Management which had a $348,000 stake in the company.

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