Stanley Druckenmiller is Selling These 5 Stocks

Page 1 of 5

In this article, we discuss the 5 stocks Stanley Druckenmiller is selling. If you want to read our detailed analysis of these stocks, go directly to the Stanley Druckenmiller is Selling These 12 Stocks.

5. Flex Ltd. (NASDAQ: FLEX)

Number of Hedge Fund Holders: 43

Percentage Decline in Stake in Q2: 39%    

Flex Ltd. (NASDAQ: FLEX) is ranked fifth on our list of 12 stocks Stanley Druckenmiller is selling. The firm provides services to original equipment manufacturers and is based in Singapore. Regulatory filings show that Duquesne Capital owned more than 1.7 million shares in the firm at the end of June 2021, representing 0.87% of the portfolio. The shares are worth $30 million. The fund has slashed stake in the company by 39% compared to the end of March.

On May 7, investment advisory Citi kept a Buy rating on Flex Ltd. (NASDAQ: FLEX) stock and raised the price target to $25 from $22, underlining that the new management was demonstrating the ability to unlock value within the firm. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Lyrical Asset Management is a leading shareholder in Flex Ltd. (NASDAQ: FLEX) with 14.9 million shares worth more than $267 million. 

Page 1 of 5