Billionaire Steve Cohen Aggressively Bought These 5 Stocks Recently

3. Nevro Corp. (NYSE:NVRO)

Point72’s Q3 2023 Investment: $5.3 million

Percentage Growth in Stake: 1,459,353%

Nevro Corp. (NYSE:NVRO) is a consumer medical devices company that makes and sells devices such as spinal cord stimulation systems for pain management. Its preliminary full-year 2023 results shared in January 2023 outlined a 5% annual revenue growth on the back of the strong performance of its diabetic neuropathy business division.

Insider Monkey’s September quarter of 2023 survey of 910 hedge funds discovered 22 Nevro Corp. (NYSE:NVRO) shareholders. Steven Boyd’s Armistice Capital was the biggest investor as it held $66.4 million worth of shares.

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