Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood was particularly busy on Tuesday. The Ark Invest founder, CEO, and money manager added to eight of her existing positions. We know that because Wood offers up her daily transactions at the end of every trading day.
What is she nibbling on these days? Wood added to existing positions in Teladoc Health (NYSE: TDOC), Roblox (NYSE: RBLX), and Rocket Lab USA (NASDAQ: RKLB) on Tuesday. Let's take a closer look.
A lot of the initial pandemic market darlings that would go on to plummet over the past two years have started to recover, but Teladoc Health isn't one of them. The pioneer of telehealth services hit another 52-week low on Tuesday. It's obviously trading lower in 2023, bucking the trend where most of the market is posting year-to-date gains. The shares are down a brutal 93% since peaking in early 2021.
Source Fool.com
