Cathie Wood Watch: Ark Snaps Up Battered Shares of Tesla, Coinbase

By Dan Weil Wood’s flagship Ark Innovation ETF has lost 63% year to date and has tumbled 78% from its February 2021 peak. The prominent money manager Cathie Wood, chief executive of Ark Investment Management, is doing what she does: buying depressed shares of her favorite companies. Ark funds on Wednesday purchased shares of electric-car giant Tesla (TSLA) – Get Free Report and Coinbase Global (COIN) – Get Free Report, the largest U.S. cryptocurrency exchange. The purchases add to Ark’s acquisitions of the stocks in recent months. Tesla is the No. 3 holding and Coinbase is No. 14 in Wood’s fla…


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.