Reported 7 days ago
Cathie Wood, CEO of Ark Investment Management, has made significant investments in Amazon, acquiring 189,496 shares valued at approximately $38 million since November 4. This move comes as her funds face challenges, including a net outflow of $2.67 billion over the past year and mixed opinions on her investment strategies. Despite her focus on small- and mid-cap tech stocks, her recent purchases of a megacap like Amazon may be intended to add stability to her portfolio amidst broader market uncertainties.
Source: YAHOO