5 Best Falling Stocks To Buy Right Now

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1. QuidelOrtho Corporation (NASDAQ:QDEL)

Year To Date Share Price Drop: 44.12%

Number of Hedge Fund Investors In Q4 2023: 32

52-Week Range: $41.5 – $98.67

Current Share Price: $41.76

QuidelOrtho Corporation (NASDAQ:QDEL) is another backend medical company that allows laboratories to run tests. The firm’s shares tanked in February 2024 after its earnings report revealed that QuidelOrtho Corporation (NASDAQ:QDEL) had missed analyst EPS estimates of $2.05 by posting $1.17 in the segment.

32 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in the firm. QuidelOrtho Corporation (NASDAQ:QDEL)’s largest hedge fund stakeholder is Matthew Strobeck’s Birchview Capital courtesy of its $4.8 million investment.

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Disclosure: None. You can also take a look at 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts and 16 Best Income Stocks To Buy According to Analysts.

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