Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It might finally be time for Cathie Wood's investing style to shine again. The CEO and co-founder of Ark Invest has been bouncing back lately. Her largest exchange-traded fund (ETF) is up 24% since bottoming out two months ago, and some of her smaller funds are faring even better.
Wood announces her Ark transactions daily. What was she buying on Tuesday? Some of the stocks she bought yesterday -- adding to her existing stakes -- include Shopify (NYSE: SHOP), Toast (NYSE: TOST), and Roku (NASDAQ: ROKU). They are all down 80% from last year's highs. Let's see what she might be seeing in these former market darlings that have fallen on hard times.
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Source Fool.com
