Published on 12 Dec 2022 on Insider Monkey via Yahoo Finance
Is Starry Group Holdings (STRY) a Good Stock to Invest on Dips?
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Enhanced Equity Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined -12.74% net compared to a -16.10% return for the S&P 500 Index. The portfolio strategy to mitigate capital losses helped the fund to outperform in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Meridian Funds highlighted stocks like Starry Group Holdings, Inc. (NYSE:STRY) in the Q3 2022 investor letter. Headquartered in Boston, Massachusetts, Starry Group Holdings, Inc. (NYSE:STRY) operates as an internet service and wireless technology provider. On December 8, 2022, Starry Group Holdings, Inc. (NYSE:STRY) stock closed at $0.1100 per share. One-month return of Starry Group Holdings, Inc. (NYSE:STRY) was -63.03%, and its shares lost 98.88% of their value over the last 52 weeks. Starry Group Holdings, Inc. (NYSE:STRY) has a market capitalization of $18.382 million.
Meridian Funds made the following comment about Starry Group Holdings, Inc. (NYSE:STRY) in its Q3 2022 investor letter: