Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
The co-founder, CEO, and ace stock picker for Ark Invest tends to be active when the market's moving one way or another. She bought shares in four different companies across her family of growth-focused exchange-traded funds during Friday's sell-off. I want to talk about three of them. Wood added to her existing positions in Amazon (NASDAQ: AMZN) Coinbase Global (NASDAQ: COIN) , and CRISPR Therapeutics (NASDAQ: CRSP) on the final trading day of last week. Let's take a closer look at Ark's latest purchases. The leading online retailer saw its shares slide 13% during the dramatic sell-off on Thursday and Friday, roughly in line with the overall market's pullback. Amazon has now shed nearly 30% of its value since hitting an all-time high just two months ago. Amazon peaked two days before posting better-than-expected fourth-quarter financials. Net sales rose 10% to $187.8 billion for the holiday-spiked quarter. The path down the income statement was even better. Amazon's operating p
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