Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Last year was huge for ARK Invest CEO Cathie Wood. Her penchant for disruptive growth stocks helped her ARK Invest family of exchange-traded funds (ETFs) soar in 2020. Wood's universe of growth stocks corrected sharply earlier this year but her funds are making a comeback these days.
Wood did a lot of shopping on Tuesday, buying into some stocks that are trading well below their previous highs. She added to her existing positions in Roblox (NYSE: RBLX), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three promising stocks fetching 27% to 51% less than they were just a couple of months ago. Let's take a closer look at why these are names that Wood likes here.
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Source Fool.com
