Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood got back on track last year. The CEO and stock picker of Ark Invest's aggressive growth exchange-traded funds (ETFs) trounced the market in 2023 after fading awfully in back-to-back years.
She publishes the daily transactions across her ETFs, so what's she buying these days? Wood added to her existing positions in Tesla (NASDAQ: TSLA), Ark 21Shares Bitcoin ETF (NYSEMKT: ARKB), and Cerus (NASDAQ: CERS) on Thursday. Let's look at a closer look at the stocks she is buying.
Wood doesn't hesitate in adding to some of her positions when they fall out of favor, and that was the case on Thursday for Tesla. Shares of the leading maker of electric cars shifted into reverse for a 12% drop after the company posted disappointing financial results. Wood took advantage of the sale to add to her top holdings.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 88 Buy predictions and 52 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 8.44% compared to the current price of 228.7 € for Tesla Inc.
