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Stock impact report

UiPath Inc. (PATH): Among ARK Invest's Top Stock Picks for 2024 [Yahoo! Finance]

UiPath, Inc. Class A (PATH) 
Company Research Source: Yahoo! Finance
ARK Investment Management LLC, more commonly known as ARK Invest, is an American investment management firm headquartered in St. Petersburg, Florida, that oversees several actively managed ETFs. It was registered in 2014 by Catherine Wood, who is known for making big bets on disruptive technology like self-driving carse and genomics. The investment fund has around $6.7 billion in assets under management. READ ALSO: Cathie Wood's 11 Favorite AI Stocks and Jim Cramer November Portfolio: Top 10 Stocks Wood's flagship fund has faced pressures for the third straight year, with outflows at nearly $1.8 billion during the first six months of 2024, which was close to triple the outflows seen in 2023. Its closing price of $57.85 on November 11 was down 60% from the highs of early 2021. In a letter posted to investors in July, she acknowledged that the fund's performance was challenged by certain stock picks and the overall macroeconomic environment, but added that ‘ our conviction in and c Show less Read more
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