Reported 2 months ago
Cathie Wood, the CEO of Ark Invest, made notable additions to her portfolio by purchasing shares in Advanced Micro Devices (AMD), Pinterest, and Intellia Therapeutics. Despite a 4% rise in AMD's shares following a positive earnings report, the stock has still experienced significant declines this year. Pinterest's stock dropped 14% despite solid earnings growth, as guidance fell short of analysts' expectations. Meanwhile, Intellia Therapeutics, down 38% this year, continues to show promise with its gene-editing therapies entering advanced clinical trials, prompting Wood to seize the opportunity at a discounted price.
Source: YAHOO