5 Best Falling Stocks To Buy Right Now

2. Pacific Biosciences of California, Inc. (NASDAQ:PACB)

Year To Date Share Price Drop: 40.15%

Number of Hedge Fund Investors In Q4 2023: 28

52-Week Range: $5.68 – $14.55

Current Share Price: $5.74

Pacific Biosciences of California, Inc. (NASDAQ:PACB) is a medical devices company that sells equipment used in gene sequencing and other medical areas. The shares are rated Buy on average, and the average analyst share price target is $11.77.

During 2023’s final quarter, 28 out of the 933 hedge funds tracked by Insider Monkey had bought and owned Pacific Biosciences of California, Inc. (NASDAQ:PACB)’s shares. Catherine D. Wood’s ARK Investment Management was the biggest investor due to its $338 million stake.

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