Cathie Wood Invests $2.5 Million in a Declining Megacap Tech Stock
Cathie Wood, head of Ark Investment Management, purchased $2.5 million worth of shares in a megacap tech stock that had dropped nearly 10% in a single day. This move aligns with her strategy of buying during market declines. Her Ark Innovation ETF has underperformed the S&P 500 over the past five years, though it has shown strong returns in previous years.
Tickers: $ARKK
Topics: AI ARK Innovation ETF Cathie Wood market moves stock purchases tech stocks