5 Cathie Wood Stocks that are on Sale Now

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1. Satixfy Communications Ltd. (NYSE:SATX)

Number of Hedge Fund Holders: 4
Year to Date Loss: 95%

Satixfy Communications Ltd. (NYSE:SATX) engages in the development of end-to-end next-generation satellite communications systems. Consequently, it offers satellite payloads, user terminals, and modems. Its core products include modems that feature software-defined ratios.

Satixfy Communications Ltd. (NYSE:SATX) has imploded in a dramatic way, going by the 91% slide year to date, and is emerging as one of the biggest miss on Wood’s portfolio. The implosion comes on investors shrugging SPAC-sponsored companies. The company’s sentiments have also taken a hit following the confirmation of a sale of its satellite payload division, Satixfy Space System, for $60 million.

Out of the 910 hedge funds tracked by Insider Monkey, 4 hedge funds had stakes in Satixfy Communications Ltd. (NYSE:SATX) at the end of Q2 2023.

Follow Satixfy Communications Ltd.

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