Cathie Wood Bought More Rocket Lab Stock -- Should You?
Space company and former space special purpose acquisition company (SPAC) Rocket Lab USA (NASDAQ: RKLB) blasted higher last week after reporting third-quarter earnings, ending the week up nearly 9% (and up nearly 19% since the day before earnings).
Earnings alone weren't the only factor fueling Rocket Lab's rise, however. Famed growth investor Cathie Wood also lent a hand, as her various Ark Investment funds poured money into the stock both before and after the earnings results were released. Over the month preceding the release, Wood's funds steadily added 729,000 Rocket Lab shares to their portfolios. And on earnings day itself -- Nov. 9 -- Ark added another 329,507 shares, its biggest one-day buy since last September.
So what might Wood find attractive in Rocket Lab stock?
Source Fool.com
