TWTR - Billionaires Have Been Buying These Stocks as the Market Plunges
Investors have been in for a wild ride since the stock market hit its all-time high on Feb. 19, 2020. The iconic Dow Jones Industrial Average has logged nine of its 11 biggest single-day point declines over the past four weeks. Further, at one point this past week, the benchmark S&P 500 was down 32% from its all-time closing high that had been set four weeks prior.
We've witnessed plenty of bear markets before, but the expediency by which the rug has been pulled out from underneath the stock market this time around has no parallel. Whether you're investing $100 or $100 billion – you've probably been clobbered in recent weeks.
However, the stock market crash caused by the spread of coronavirus disease 2019 (COVID-19) has also opened the door for investors of all sizes to snag potential bargains. Although billionaires and billionaire money managers are typically only required to disclose their buying and selling activity once quarterly by filing Form 13F with the Securities and Exchange Commission, a handful of the richest Americans recently disclosed what they've been buying as the stock market plunges.