Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It's raining growth stocks, and Cathie Wood isn't one to shy away from catching them as they fall. The CEO and co-founder of ARK Invest was buying stocks on Tuesday. She was able to add to some of her largest positions at price points well below where they were last year.
What was she buying this time? Wood kicked off the holiday-abridged trading week by adding to her existing stakes in MercadoLibre (NASDAQ: MELI), Shopify (NYSE: SHOP), and Roku (NASDAQ: ROKU). Let's see what she might be seeing in these former market darlings that have fallen on hard times.
Latin America's top dog in e-commerce and fintech has emerged stronger out of the pandemic, but you wouldn't know that by looking at its stock price. It's down 67% since peaking early last year.
Source Fool.com
