Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
If Wall Street is having a back-to-school sale, Cathie Wood is shopping. The widely followed growth investor who leads Ark Invest did a fair amount of buying on Tuesday. She publishes her daily transactions hours after the market close, giving investors a glimpse into what stakes she's adding to and which ones she's retreating from.
What's she snapping up these days? Wood added to her existing positions in Zoom Video Communications (NASDAQ: ZM), Intellia Therapeutics (NASDAQ: NTLA), and Adaptive Biotechnologies (NASDAQ: ADPT) on Tuesday. Let's take a closer look at the stocks she is buying.
Sometimes a "beat-and-raise" performance isn't enough. Zoom posted stronger results than investors were expecting this week for the second quarter of fiscal year 2024, ended July 31. Revenue rose 4% -- or 5% on a currency-adjusted basis -- as a 10% jump in its enterprise segment was held back by a 4% slide in online revenue.
Source Fool.com
Intellia Therapeutics Inc Stock
With 17 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 60 € there is potential for a 146.91% increase which would mean more than doubling the current price of 24.3 € for Intellia Therapeutics Inc.
