2023-11-22 11:45:00 ET
Cathie Wood has been surprisingly quiet on the trading front lately. The Ark Invest co-founder and CEO refrained from making any buys or sells for three consecutive trading days before finally making some moves on Tuesday. What did she do?
The aggressive growth investor only added to three existing positions. She bought shares in Zoom Video Communications (NASDAQ: ZM) , Teladoc Health (NYSE: TDOC) , and Recursion Pharmaceuticals (NASDAQ: RXRX) on Tuesday. Let's take a closer look at the stocks she is buying.
The sharp deceleration at Zoom Video over the years has to make shareholders feel like crash test dummies. This was a business that saw its revenue more than quadruple in the fiscal 2021 year that ended in January of that year, as its videoconferencing platform became the lifeline that businesses, classrooms, and families needed to stay connected in the wake of the COVID-19 crisis. The business has cooled down substantially since then.
For further details see:
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought