Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It's been a good quarter for Cathie Wood, recent volatility notwithstanding. The widely followed founder, CEO, and chief investment officer for Ark Invest is riding high in 2023, a sharp contrast from her returns the last two years after a blowout 2020.
She posts her transactions at the end of every trading day. What did she buy on Thursday? She added to her existing positions in Coinbase Global (NASDAQ: COIN), Nextdoor (NYSE: KIND), and Teladoc (NYSE: TDOC). Let's take a closer look at her latest haul.
It was a rough Thursday for Coinbase shareholders. Shares of the leading cryptocurrency exchange plummeted 14% after the SEC sent it a Wells Notice, potentially seeking enforcement action on alleged violations of federal securities laws. Coinbase has historically been one of the more conservative platforms, but regulatory risks were always on the table.
Source Fool.com
