Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It's fair to say that Cathie Wood doesn't mind when it rains. The Ark Invest co-founder, CEO, and investor isn't afraid to add to some of her positions when they dip, and she did that a bit of that on Friday.
Wood spent the final trading day of last week actively buying stocks moving lower on a down day for the overall market. She added to her stakes in Roku (NASDAQ: ROKU), Unity Software (NYSE: U), and SoFi Technologies (NASDAQ: SOFI), three stocks that all fell harder than the market. Let's take a closer look at these three purchases.
One of Wall Street's biggest sinkers on Friday was Roku. Shares of the company behind the original smart TV operating system plummeted 24% after a sequential dip in average revenue per user. Wood was actively buying more shares of Roku in three of her funds.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 70.99% for Roku compared to the current price of 54.39 €.
