ACHR - Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood didn't head into the holiday weekend empty-handed. The CEO, founder, and chief investment officer of Ark Invest made some portfolio moves on Friday, adding to three of her existing positions.
What did she buy on the final trading day of last week? Wood put more money to work on Shopify (NYSE: SHOP) , UiPath (NYSE: PATH) , and Archer Aviation (NYSE: ACHR) . Let's take a closer look at why she added to these three existing portfolio positions.
Shopify is one of Wood's largest market bets. It's the eighth-largest holding across the Ark Invest family of exchange-traded funds. She had no problem adding more Shopify to three of her funds on Friday after the company reported mixed financial results the day before.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought