Cathie Wood Has Been Buying This Stock Hand Over Fist -- and So Have I
Ark Invest recently bought nearly 180,000 additional shares of fintech innovator SoFi (NASDAQ: SOFI) in the Ark Fintech Innovation ETF (NYSEMKT: ARKF), and this isn't the first purchase. Ark now owns about 1.9 million shares of SoFi, which makes up 1.5% of the Fintech Innovation ETF's assets.
SoFi has already been a tremendous performer in 2023, with shares up by about 76% year-to-date. However, the stock is still trading for nearly 70% below its 2021 high, despite stellar momentum and near-flawless execution by its management team.
One thing that might seem a little odd about Wood's SoFi purchases is that the company decided to completely exit the cryptocurrency space by the end of 2023. After all, Wood has been a vocal proponent of cryptocurrencies, and leading crypto exchange (NASDAQ: COIN) is a top holding of the Fintech Innovation ETF.
Source Fool.com
Coinbase Global Inc. Stock
Our community is currently high on Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
However, we have a potential of -27.84% for Coinbase Global Inc. as the target price of 161 € is below the current price of 223.1 €.
