5 Tech Stocks to Sell Now According to Cathie Wood

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1. Surface Oncology, Inc. (NASDAQ:SURF)

Percentage of Stake Sold by ARK Investment Management in Q2 2023: 75%

Number of Hedge Fund Holders: 6

Cambridge, Massachusetts-based Surface Oncology, Inc. (NASDAQ:SURF) is a clinical-stage immuno-oncology company focused on the development of next-generation therapies to help patients suffering with cancer.

On June 16, Coherus BioSciences, Inc. (NASDAQ:CHRS) and Surface Oncology, Inc. (NASDAQ:SURF) announced that the companies have entered into a definitive merger agreement under which Coherus BioSciences, Inc. (NASDAQ:CHRS) will acquire the latter in an all-stock transaction which values the target company at nearly $65 million.

Surface Oncology, Inc. (NASDAQ:SURF) ranks #1 on our list of 11 tech stocks to sell now according to Cathie Wood as ARK Investment Management sold nearly 75% of its stake in the company during Q2 2023. The fund only owned 1.4 million shares of the company valued at $1.2 million, at the end of the quarter.

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