Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood can't seem to string together back-to-back years of success. The Ark Invest co-founder and CEO became a rock star among aggressive growth investors in 2020, only to see her exchange-traded funds fall sharply in 2021 and 2022. She bounced back to beat the market again in 2023, but once again, she's falling short in 2024.
She's not going to stop trying. Ark posts its transactions at the end of every trading day, so we know exactly what Wood is buying and what she's cutting loose. Ark bought shares of Roblox (NYSE: RBLX), Accolade (NASDAQ: ACCD), and Intellia Therapeutics (NASDAQ: NTLA) on Thursday, adding to her existing positions. Let's take a closer look at these three investments.
Shares of Roblox plummeted 22% on Thursday after posting poorly received financial results. That was a dinner bell for Wood, making the most of the markdown to add to her stake.
Source Fool.com
Intellia Therapeutics Inc Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 60 € there is potential for a 161.89% increase which would mean more than doubling the current price of 22.91 € for Intellia Therapeutics Inc.
