Was David Tepper Right About These 5 Stocks?

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Below is the list of 5 stocks David Tepper was selling in the first quarter of 2022. For a detailed discussion about David Tepper’s investment philosophy and portfolio management strategies, please see Was David Tepper Right About These 10 Stocks?.

5. Alight, Inc. (NYSE:ALIT)

No. of Hedge Fund Holders: 38

Performance of ALIT Over the Past 6 Months: +5.58%

Alight, Inc. (NYSE:ALIT) provides integrated, cloud-based human capital solutions that empower clients and employees to manage health, wealth, and HR needs.

Out of 912 elite hedge funds tracked by Insider Monkey at the end of the first quarter of 2022, 38 hedge funds were long on the company, down from 39 hedge funds (out of 924 hedge funds tracked by Insider Monkey) in the preceding quarter.

The company’s Director, Richard N. Massey, acquired 10,000 shares of the company’s stock on 1st April. This transaction was done at an average cost of $9.54 per share, totaling $95,400.00.

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