5 Best Falling Stocks To Buy Right Now

In this piece, we will take a look at the five best falling stocks to buy now. If you want to learn more about which stocks are rising and which are falling, then read 13 Best Falling Stocks To Buy Right Now.

5. Mobileye Global Inc. (NASDAQ:MBLY)

Year To Date Share Price Drop: 30.68%

Number of Hedge Fund Investors In Q4 2023: 26

52-Week Range: $25.20 – $47.41

Current Share Price: $25.63

Mobileye Global Inc. (NASDAQ:MBLY) is an Intel Corporation (NASDAQ:INTC) subsidiary headquartered in Israel. The firm makes and develops products that are used in autonomous driving systems. Even though the firm has beaten analyst EPS estimates, and grown the metric in all of its four latest quarters, the shares are down by more than 30% year to date.

After digging through 933 hedge fund Q4 2023 investment portfolios, Insider Monkey discovered that 26 had bought Mobileye Global Inc. (NASDAQ:MBLY)’s shares.

4. Avis Budget Group, Inc. (NASDAQ:CAR)

Year To Date Share Price Drop: 36.09%

Number of Hedge Fund Investors In Q4 2023: 27

52-Week Range: $112.13 – $244.95

Current Share Price: $112.25

Avis Budget Group, Inc. (NASDAQ:CAR) is a car and truck rental and leasing company with a presence in Europe, Asia, and other continents. The firm posted a strong set of Q4 and full year 2024 earnings results in February 2024 when it revealed that respective revenues of $2.4 billion and $12 billion were the highest in its history.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge fund portfolios revealed that 27 had invested in Avis Budget Group, Inc. (NASDAQ:CAR). Karthik Sarma’s SRS Investment Management was the firm’s biggest investor through its $3 billion stake.

3. Forward Air Corporation (NASDAQ:FWRD)

Year To Date Share Price Drop: 36.89%

Number of Hedge Fund Investors In Q4 2023: 27

52-Week Range: $39.16 – $121.38

Current Share Price: $39.27

Forward Air Corporation (NASDAQ:FWRD) is an American freight and logistics services provider that caters to the needs of businesses in the U.S. and in Canada. The stock fell in January 2024 after Wolfe Research downgraded the shares to Underperform from Peer Perform and said it was one of the worst performing stocks in its transportation category.

After digging through 933 hedge fund portfolios for their December quarter of 2023 investments, Insider Monkey found that 27 had invested in the firm. The largest Forward Air Corporation (NASDAQ:FWRD) shareholder is Israel Englander’s Millennium Management as it owns 459,498 shares that are worth $28.9 million.

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.

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.

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.