PATH - Cathie Wood Fights Back: 3 Stocks She Bought Last Week
2024-06-03 10:15:00 ET
Cathie Wood has come under fire since the initial monster returns she produced for her fund holders in 2020. The co-founder, CEO, and investor at Ark Invest has lost badly to the market in two of the past three years, and she's struggling again in 2024.
But that doesn't mean she's standing still. Ark Invest was particularly busy adding to some existing positions last week. Wood was a buyer of Palantir (NYSE: PLTR) , UiPath (NYSE: PATH) , and PagerDuty (NYSE: PD) last week. Let's take a closer look.
Most of Wood's Ark Invest funds are trading at double-digit percentage declines this year, but not all of her largest holdings are laggards. Palantir, one of her 10 largest combined holdings, is up 26% so far in 2024.
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Cathie Wood Fights Back: 3 Stocks She Bought Last Week