Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood trounced the market in 2020, with her aggressive investing style helping Ark Invest's family of exchange-traded funds outperform. She beat the market again in 2023 after back-to-back years of disappointing returns. She's off to a challenging start this year, but she's making trades -- and publishing them daily for all to see -- to get back on track.
What is she buying these days? Wood added to her existing positions in Palantir (NYSE: PLTR), Tesla (NASDAQ: TSLA), and Intellia Therapeutics (NASDAQ: NTLA) on Tuesday. Let's take a closer look at the stocks she just bought.
Wood has a tendency to buy on dips with many of her favorite stocks. On Tuesday, though, she bought one of that day's biggest winners. Shares of Palantir soared 31% after the company posted blowout financial results. Wood bought on the pop.
Source Fool.com
Intellia Therapeutics Inc Stock
We see a rather positive sentiment for Intellia Therapeutics Inc with 17 Buy predictions and 1 Sell predictions.
Based on the current price of 24.14 € the target price of 60 € shows a potential of 148.55% for Intellia Therapeutics Inc which would more than double the current price.
