5 Worst Performing Growth Stocks in 2023

2. Clearfield, Inc. (NASDAQ:CLFD)

Share Price Drop In 2023: 62.14%

Price to Earnings Ratio: 28.33

Clearfield, Inc. (NASDAQ:CLFD) is a communications equipment firm that sells its products to communications exchanges and cable network providers. Even as the shares are down by 62% this year, insiders have bought the stock regularly this year. These include the chairman who made a $198,400 purchase in February for $64.

Insider Monkey dug through 910 hedge funds for their June quarter of 2023 portfolios to discover ten Clearfield, Inc. (NASDAQ:CLFD) investors. Out of these, the largest stakeholder is Paul Marshall and Ian Wace’s Marshall Wace LLP since it owns $19.7 million worth of shares.

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