U.S. Chess Champion Sitting on Huge 42.33% uniQure (QURE) Loss

U.S. Chess champion Hikaru Nakamura is sitting on a huge loss from one of the stocks in his TipRanks investment portfolio.

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On November 3 last year, Hikaru bought 300 uniQure QURE +21.79% ▲ shares at a purchase price of $30.83. Its current value is $5,334 and it represents 3.83% of his overall holdings.

At the time Hikaru said of biopharma QURE: “Stock fell 70%+ initially on news with the FDA regarding AMT-130. Skeptical that there won’t be a reversal as there is a big unmet need regarding Huntington’s Disease. This could play out very similarly to REPL and SRPT.”

REPL is Replimune REPL +6.57% ▲ and SRPT is Sarepta Therapeutics SRPT +3.95% ▲ .

His faith has yet to be rewarded given that he is sitting on a 42.33% loss on QURE stock. The company’s share price is down 25.49% in the year-to-date, hit by reported declarations from the FDA that uniQure’s gene therapy for Huntington’s disease is a failed product. There have also been concerns about some of the techniques involved in its trial including skull drilling.

Overall, Hikaru’s portfolio has a total return of 3.8%. It is up 1.4% over the S&P 500. Nine out of 18 transactions have made a profit.

Chess and Investing

Chess and stock market investing share a number of characteristics. The need for both long- and short-term strategies, thinking two or three steps ahead of the opposition, keeping your cool during periods of adversity, being able to adapt strategies, knowing the strengths and weaknesses of each piece/asset in your portfolio and continually learning from your mistakes and successes.

That is why we here at TipRanks are so excited to partner with and follow the investment strategies of Grandmaster Hikaru Nakamura.

As part of our strategic partnership, we have built a Stream Portfolio. Fans of Hikaru can track and follow it in real time on his popular video channels and social media streams, but they’ll also be able to contribute ideas from the stream chat and help shape the overall holdings. Working with TipRanks’ award-winning investment tools, Hikaru is detailing his investment moves while demonstrating the platform. All content will include clear disclosures and does not constitute investment advice.  Hikaru is, according to Chess.com, a five-time U.S. champion, claiming the title in 2005, 2009, 2012, 2015, and 2019. Nakamura was also a participant in FIDE’s 2004 World Championship tournament and a candidate for the world championship in both 2016 and 2022, qualifying for a third in 2024. He has over 2 million followers on Amazon AMZN -1.69% ▼ -owned streaming platform Twitch.

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