PSNL - Cathie Wood Goes Bargain Shopping: 3 Sinking Stocks She Keeps Buying
What do the most successful investors do when their favorite stocks tank? If you're Cathie Wood, founder, and CEO of ARK Invest, you keep buying more.
Shares of life-science equipment manufacturer Berkeley Lights (NASDAQ: BLI) took a hit last week, and two ARK Invest ETFs quickly bought more. Wood also bought two genomics stocks that have tanked this year, Personalis (NASDAQ: PSNL) and Invitae (NYSE: NVTA) . Read on to see why she's confident enough about the outlook for these businesses to go against the grain.
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Cathie Wood Goes Bargain Shopping: 3 Sinking Stocks She Keeps Buying