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Published on 13 Jun 2021 on Insider Monkey via Yahoo Finance

Should I Avoid Bellicum Pharmaceuticals Inc (BLCM)?


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As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019. A significant number of hedge funds continued their strong performance in 2020 and 2021 as well. We get to see hedge funds' thoughts towards the market and individual stocks by aggregating their quarterly portfolio movements and reading their investor letters. In this article, we will particularly take a look at what hedge funds think about Bellicum Pharmaceuticals Inc (NASDAQ:BLCM).

Is Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) ready to rally soon? The best stock pickers were getting less bullish. The number of long hedge fund positions retreated by 3 recently. Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) was in 3 hedge funds' portfolios at the end of March. The all time high for this statistic is 17. Our calculations also showed that BLCM isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

NASDAQ.LEDS price evolution

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