Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood bounced back in 2023, but this year has been off to a rough start. The Ark Invest co-founder, CEO, and stock picker has seen some of her largest positions take a hit. Ark's largest exchange-traded fund is down 14%, a sharp contrast to the modest ascent by the general market.
When the going gets tough do the tough get shopping? Wood continues to add to some of her positions. Some of the more interesting names she bought on Monday include Toast (NYSE: TOST), Genius Sports (NYSE: GENI), and Coinbase Global (NASDAQ: COIN). Let's take a closer look at some of her latest additions.
It's hard to avoid Toast readers these days. If you dine out or pick up takeout, there's a growing chance that you will have to settle up your tab with a Toast point-of-sale system to wirelessly complete the transaction. There are now 99,000 locations leaning on Toast to do more than just ring up customers. Toast's cloud-based solutions can cover everything from inventory control to managing third-party delivery apps.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 136 € is below the current price of 228.35 € for Coinbase Global Inc., so the potential is actually -40.44%.
