Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
The past two years have been brutal for Cathie Wood and the Ark Invest family of exchange-traded funds that she runs, but she's been going on a buying spree as 2022 comes to a close. She's been adding to some of her hardest-hit stocks lately, and that was certainly the case on Thursday.
Tesla (NASDAQ: TSLA), Roblox (NYSE: RBLX), and DraftKings (NASDAQ: DKNG) are three of the existing Ark Invest positions that Wood added to yesterday. Let's take a closer look.
The company that made electric vehicles cool finds itself in an unusual place as we tie a bow on 2022. The same flashy darling that earlier this year had folks waiting months for a new car because it couldn't keep up with demand despite pushing through price hikes finds itself going the other direction now. Tesla began offering buyers that took possession of a new Model 3 or Model Y before year's end a $3,750 price reduction earlier this month. Last week it bumped the incentive to $7,500, along with 10,000 miles of free Supercharger access.
Source Fool.com
