Billionaire Steve Cohen Sold Amazon and Nvidia but Loaded Up on This Beaten-Down Stock
Steve Cohen, head of Point72 Asset Management, dumped tech stocks and bought this unloved healthcare company.
Overview
Steve Cohen runs Point72 Asset Management, and investors closely watch his investment decisions through that hedge fund's 13F filings. The most recent 13F highlighted two interesting moves. First, Cohen took profits in artificial intelligence leaders Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA). Second, he dramatically increased his position in Boston Scientific (NYSE: BSX).
Here's a look at Steve Cohen's stock buying and selling and why you might want to consider making similar investment moves.
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Originally published at www.fool.com.
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