Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest added to three existing positions on Monday, with two of them still trading for half of last year's peak.
Overview
Cathie Wood tends to buy when some of her favorite stocks pull back. On Monday -- with the market having its strongest first day of the month since late 2022 -- she was particularly busy, too. The co-founder and CEO of Ark Invest didn't let upticks get in the way of adding to some of her existing positions.
She was a buyer of CoreWeave (NASDAQ: CRWV), Amazon (NASDAQ: AMZN), and Rocket Lab (NASDAQ: RKLB), even as the shares rose 19%, 5%, and 8%, respectively, on Monday. Amazon did hit a new high during the day, but the same can't be said about the bookends. CoreWeave and Rocket Lab are trading 44% and 53% below their 52-week highs, respectively. Let's take a closer look at the three potentially opportunistic purchases by Ark in August.
Ark Investment Management CEO Cathie Wood. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.