Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
You have to admire Cathie Wood's ability to make something good out of a bad situation. The Ark Invest co-founder and CEO often adds to some of her favorite positions when they are out of favor. She did it again this week.
Wood spent the first trading day of this week actively buying stocks that recently disappointed investors. She added to her stakes in Roku (NASDAQ: ROKU), 10x Genomics (NASDAQ: TXG), and Intellia Therapeutics (NASDAQ: NTLA). Let's take a closer look at these three purchases.
It's been a rough run over the past two weeks for Roku. Shares of the streaming video specialist have plummeted 35% over the past nine trading days. Three big events have marked its fall from grace.
Source Fool.com
Roku Stock
€54.39
2.280%
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 €.
