Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest added to three existing positions that are trading well below their recent highs.
Overview
September has historically been the most challenging month for investors, but Cathie Wood likes her chances. The founder-CEO of Ark Invest is always looking to optimize the aggressive growth exchange-traded funds she manages as chief investment officer, and she's not going to let market trends get in the way.
Wood was busier than usual as a buyer, kicking off the shortened holiday trading week. She bought Archer Aviation (NYSE: ACHR), Robinhood Markets (NASDAQ: HOOD), and Cerebras (NASDAQ: CBRS) on Tuesday, adding to existing Ark Invest positions. The stocks are 60%, 48%, and 24% below their recent highs, respectively. Let's take a closer look at these three stocks she saw as buying opportunities.
Ark Invest's Cathie Wood. Image source: Getty Images.
Details
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Originally published at www.fool.com.