BEAM - Cathie Wood Is Loading Up on These 3 Stocks Down 70% or More. Should You?
2023-05-16 05:50:00 ET
Cathie Wood looks for stocks that are leading innovators. But the stocks that fit that mold aren't always leaders when it comes to delivering huge returns over the short term.
On the contrary, quite a few of the stocks in Wood's Ark Invest portfolios have been big losers. Wood is loading up on three stocks in particular, down by 70% or more.
Shares of Beam Therapeutics (NASDAQ: BEAM) have plunged close to 73% since hitting an all-time high in mid-2021. The gene-editing stock fell close to 40% earlier this year before rebounding somewhat.
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Cathie Wood Is Loading Up on These 3 Stocks Down 70% or More. Should You?