Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest was a buyer of tech stocks down as much as 53% from their recent all-time highs.
Overview
Cathie Wood is making the most of the market's volatility. The founder, CEO, and chief investment officer at Ark Invest publishes her transactions daily, and she has been adding to some of her active positions lately. All three stocks have delivered double-digit percentage declines since hitting all-time highs in recent months.
Broadcom (NASDAQ: AVGO) was Ark's largest purchase for its three largest ETFs. Wood also added to her Cerebras Systems (NASDAQ: CBRS) and Cloudflare (NYSE: NET) stakes on Wednesday. Let's take a closer look at what she may find so appealing despite their recent pullbacks.
Ark Investment Management CEO Cathie Wood. Image source: Getty Images.
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Originally published at www.fool.com.