Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood wasn't buying a lot of stocks earlier this month, but she's been picking up the pace lately. The co-founder, CEO, and principal stock picker of Ark Invest publishes her daily transactions. We know what Ark Invest bought -- and what it sold -- on Thursday.
Roblox (NYSE: RBLX), Coinbase (NASDAQ: COIN), and Teladoc (NYSE: TDOC) are three of the existing Ark Invest positions that Wood added to yesterday. Let's take a closer look.
It was easy to wonder if Roblox's popularity was peaking earlier this year. The open-ended online hub saw its daily active users of young online gamers and social explorers drop from 54.1 million at the end of the first quarter to just 52.2 million three months later. Bookings dipped sequentially in back-to-back quarters, and the stock chart shows that it wasn't just users kissing Roblox goodbye. The shares have plummeted 74% this year.
Source Fool.com
