Cathie Wood's ARK Invest Makes Bold Moves Amid Market Downturn
Wood's firm significantly buys Amazon, Tesla, and Coinbase while offloading Block and Zoom shares.
- ARK Invest purchases $28 million in Amazon shares and $17.78 million in Coinbase shares.
- The firm also acquires substantial stakes in Tesla, Meta, Robinhood, and AMD.
- Wood's strategy includes buying during market lows to capitalize on reduced stock prices.
- ARK Invest sells $26 million worth of Block shares and reduces holdings in Zoom and UiPath.
- Market volatility sees mixed results for Wood's portfolio, with some stocks rebounding and others declining.