Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
There's no dimmer switch on Cathie Wood. The Ark Invest co-founder and CEO is either fully illuminated or left in the dark. The same widely followed growth investor who trounced the market in 2020 and 2023 faltered badly in 2021 and 2022. She's also off to a challenging start here in 2024.
She's not standing still. Ark bought shares of Roblox (NYSE: RBLX), Roku (NASDAQ: ROKU), and SoFi Technologies (NASDAQ: SOFI) on Thursday, adding to her existing positions. Let's take a closer look at these three stocks that Wood is now buying.
Despite rallying last year, shares of Roblox continue to be a broken IPO. The online gaming platform developer finds its stock trading below the $45 reference price it hit the market with three years ago. Roblox once traded as high as $141.60 in late 2021, but it's 74% lower than that high-water mark right now.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 26 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 69.34% compared to the current price of 54.92 € for Roku.
