NVTA - Cathie Wood Is Betting on This Struggling Stock. Should You?
2023-09-14 14:00:00 ET
Since December 2021, superstar investor Cathie Wood has been adding to her position in genetic-testing company Invitae (NYSE: NVTA) while many investors were doing just the opposite. The stock has declined more than 90% since that time. Wood's latest Invitae transaction happened about a week ago, confirming her ongoing belief in this player.
As founder of Ark Invest, Wood is known for her interest in innovators and cutting-edge technology that may be overlooked today but could change the world tomorrow. This strategy helped her flagship Art Innovation ETF soar almost 150% in 2020 as investors favored growth stocks.
Wood also scored a win by getting in early on certain top-performing stocks like Tesla . Considering all of this, should you follow her into Invitae right now? Before deciding, let's take a closer look at this struggling stock.
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Cathie Wood Is Betting on This Struggling Stock. Should You?