General Electric Co.’s (GE) stocks fall from grace has been legendary. Shares have plunged by almost 50 percent over the past year. But, even worse, the stock was removed from the Dow Jones Industrial Average. It was a position the company had held since the year 1907. So, when famous investors start to buy a battered stock like GE, one should take notice.
When one of the largest shareholders in a company increases its position in a stock, it is best to pay attention. Baillie Gifford & Co. recently filed its 13F for the second quarter, and through that filing, we learn that the investment firm upped its holding in Tesla Inc (TSLA).
TechTarget Inc’s (TTGT) stock has more than tripled over the past year, rising by over 200 percent. However, what seems most surprising about the stocks run is that institutional and hedge fund investors haven’t been the ones driving the price up.
The New York Times Inc. (NYT) isn’t a stock that many investors think to get involved in, because let’s face it, in a digital world, who read’s the newspapers. Don’t tell that to the hedge fund investors, because they were actively buying the stock and upping their holdings massively during the first quarter. The buying among funds was so impressive, the stock was added to the WhaleWisdom Whale Index 100.
Tesla stock has not been for the faint of heart over the past few years, resembling something more of a rollercoaster than a stock. Volatility has increased dramatically over the past couple of weeks as the focus turns to Tesla’s ability to produce 5,000 Model 3’s per week, its new all-electric sedan. The hope for the bulls is that Tesla hits its target and turns profitable in the second half of 2018.