Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
This has been a tough year for ARK Invest founder and CEO Cathie Wood. Her style of investing has fallen out of favor, and many of her larger holdings have shed more than half of their peak values.
Among her funds' holdings, Twilio (NYSE: TWLO), Zoom Video Communications (NASDAQ: ZM), and Toast (NYSE: TOST) are down by 43%, 56%, and 50%, respectively, from the all-time highs they hit earlier this year. ARK Invest added to all three positions on Wednesday.
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Source Fool.com
