In this piece, we will take a look at the five top performing European stocks so far in 2024. If you want to know what’s up with the European economy as we settle into 2024, then take a look at 15 Top Performing European Stocks So Far in 2024.
5. MorphoSys AG (NASDAQ:MOR)
Year to Date Share Price Gains: 84.33%
MorphoSys AG (NASDAQ:MOR) is a biotechnology company developing treatments for cancer, arthritis, and other ailments. The firm has beaten analyst EPS estimates in all four of its latest quarters, and it is exploring a sale to the pharma giant Novartis, making MorphoSys AG (NASDAQ:MOR) a hot European stock to watch.
12 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database were MorphoSys AG (NASDAQ:MOR)’s shareholders. James A. Silverman’s Opaleye Management was the biggest investor among these since it owned 1.2 million shares that were worth $8.1 million.
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Follow Morphosys Ag (NASDAQ:MOR)
4. SEALSQ Corp (NASDAQ:LAES)
Year to Date Share Price Gains: 102.57%
SEALSQ Corp (NASDAQ:LAES) is another Swiss semiconductor firm that sells products similar to those sold by MorophoSys. Like other companies, the firm is also making inroads into the A.I. market. To this end, it announced in February 2024 that its A.I. strategy allows it to leverage generative A.I. into the realm of cybersecurity.
By the end of last year’s third quarter, just one out of the 910 hedge funds tracked by Insider Monkey had invested in SEALSQ Corp (NASDAQ:LAES).
3. Selina Hospitality PLC (NASDAQ:SLNA)
Year to Date Share Price Gains: 102.57%
Selina Hospitality PLC (NASDAQ:SLNA) is a British company that owns and operates more than a hundred hotels in two dozen countries. December 2023 saw a very important announcement from the firm that saw it share its plans for debt management and fundraising amidst a tight liquidity environment.
As of September 2023 end, 11 out of the 910 hedge funds profiled by Insider Monkey had bought and owned the Selina Hospitality PLC (NASDAQ:SLNA)’s shares.
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Follow Selina Hospitality Plc
2. Nyxoah S.A. (NASDAQ:NYXH)
Year to Date Share Price Gains: 161.90%
Nyxoah S.A. (NASDAQ:NYXH) is a healthcare company that provides medical devices used by patients suffering from sleep apnea. The firm is struggling on the financial front as of late as it has missed analyst EPS estimates in three out of its four latest quarters.
For their third quarter of 2023 shareholdings, five out of the 910 hedge funds covered by Insider Monkey’s research had invested in the firm. Out of these, the biggest Nyxoah S.A. (NASDAQ:NYXH) shareholder was James A. Silverman’s Opaleye Management through its $3.1 million stake.
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1. ADC Therapeutics SA (NYSE:ADCT)
Year to Date Share Price Gains: 179.29%
ADC Therapeutics SA (NYSE:ADCT) is a biotechnology company developing treatments for patients suffering from lymphoma, tumors, and other ailments. More than half of its shares are held by institutional investors, so perhaps there’s something brewing under the hood that’s responsible for the recent share price gains.
After digging through 910 hedge fund portfolios for Q3 2023, Insider Monkey discovered eight ADC Therapeutics SA (NYSE:ADCT) shareholders. Jeremy Green’s Redmile Group was the biggest investor due to its $12.7 million investment.
Follow Adc Therapeutics Sa (NYSE:ADCT)
Follow Adc Therapeutics Sa (NYSE:ADCT)
Disclosure: None. You can also take a look at 13 Best Consumer Staples Dividend Stocks To Buy Now and 13 Biggest Stocks That Benefit From High Interest Rates.
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