5 Stocks To Sell Now According To David Einhorn’s Greenlight Capital

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1. Astra Space, Inc. (NASDAQ:ASTR)

Percentage of Decline in Stake in Q1: 100%

Number Of Hedge Fund Holders: 11

Astra Space, Inc (NASDAQ:ASTR) is a technology company that deals in space services, including satellite launch services and payload deliveries to sun-synchronous and low-inclination orbit missions, based on a proprietary, vertically integrated technology platform.

Despite bouncing back from the launch failure in February with a successful satellite deployment in March, shares of Astra Space, Inc. (NASDAQ:ASTR) seem to be in a downward spiral, dropping by 74.39% in the past six months.

Deutsche Bank analyst Edison Yu lowered the firm’s price target on Astra Space to $6 from $7 and keept a Buy rating on the shares on April 20.

In the fourth quarter of 2021, 11 hedge funds held stakes in Astra Space, Inc. (NASDAQ:ASTR) with a combined worth of $63.5 million. This is down from 13 hedge funds with stakes in the firm in the previous quarter.

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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