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