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Cathie Wood Is Betting on This Struggling Stock. Should You?

TheMotleyFool 
0 0 14.09.23
Cathie Wood Is Betting on This Struggling Stock. Should You?: https://g.foolcdn.com/editorial/images/747553/gettyimages-1203044156.jpg
 

Since December 2021, superstar investor Cathie Wood has been adding to her position in genetic-testing company (NYSE: NVTA) while many investors were doing just the opposite. The stock has declined more than 90% since that time. Wood's latest Invitae transaction happened about a week ago, confirming her ongoing belief in this player.

As founder of Ark Invest, Wood is known for her interest in innovators and cutting-edge technology that may be overlooked today but could change the world tomorrow. This strategy helped her flagship Art Innovation ETF soar almost 150% in 2020 as investors favored growth stocks.

Wood also scored a win by getting in early on certain top-performing stocks like Tesla. Considering all of this, should you follow her into Invitae right now? Before deciding, let's take a closer look at this struggling stock.

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Source Fool.com

Invitae Corp Stock

€0.083
-78.840%
Heavy losses for Invitae Corp today as the stock fell by €0.000 (-78.840%).

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