Is Invitae a Buy?
Invitae (NYSE: NVTA) has become a favorite of ARK Investment Management, a famous Tesla bull in the electric vehicle manufacturer's early days. In fact, the investment firm's CEO, Cathie Wood, has called Invitae one of her most underappreciated holdings.
ARK Invest owns 27 million shares of Invitae. That is worth about $1.12 billion, which is huge, considering the company only has a market cap of $7.74 billion. Over the past 12 months, the company's stock has already tripled investors' money. Should you give its shares a try?
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Source Fool.com
