Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest bought into some market laggards on Wednesday.
Ark Invest's co-founder and CEO, Cathie Wood, recently made a series of stock purchases that investors may find noteworthy. On Wednesday, Wood added to her holdings in Netflix, Oklo, and Intuitive Surgical, all of which have declined significantly over the past year. Netflix is trading at its two-year low following disappointing guidance, while Oklo, a next-gen energy stock, has lost nearly 90% of its value since peaking last year.
Intuitive Surgical, a pioneer in robotic surgical arms, has fallen about 7% over the past year, but analysts see potential in its competitive position and consistent earnings growth.
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