5 Tech Stocks To Sell Right Now According To Cathie Wood

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1. Satixfy Communications Ltd. (NYSE:SATX)

Number of Hedge Fund Holders: 3

Percentage of Stake Discarded: 100%

Satixfy Communications Ltd. (NYSE:SATX) specializes in the development of comprehensive next-generation satellite communications systems. The company provides a range of products, including modems with software-defined radio, fully electronically steered multi-beam antennas, and compact aperture terminals. Satixfy Communications Ltd. (NYSE:SATX) ranks 1st on the list of stocks to sell according to Cathie Wood. She discarded 100% of her stake in the company during the fourth quarter of 2023. 

On February 8, Satixfy Communications Ltd. (NYSE:SATX) announced that the NYSE American has accepted the company’s plan to regain compliance with listing standards. The plan outlines initiatives for compliance, and the NYSE American has granted a plan period until May 30, 2025, for targeted completion. 

According to Insider Monkey’s fourth quarter database, 3 hedge funds held stakes in Satixfy Communications Ltd. (NYSE:SATX), compared to 5 funds in the last quarter. 

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