Cathie Wood buys $9 million of surging tech stock
The Nasdaq Composite gained 30% in 2024, while the Ark Innovation ETF returned just 8.4%.
Cathie Wood, chief of Ark Investment Management, usually targets tech stocks with high "disruptive" potential.
She frequently adjusts her holdings around a company’s earnings, either increasing or trimming positions in response to financial results and market performances.
That’s what she did this week. She bought a tech stock both before and after its earnings.
