Cathie Wood acquired 10.5 Million Zoom Video Communications shares worth $715 Million. That's 5.47% of their entire equity portfolio (5th largest holding). The investor owns 3.52% of the outstanding Zoom Video Communications stock. The first Zoom Video Communications trade was made in Q4 2020. Since then Cathie Wood bought shares eight more times and sold shares on two occasions. The investor's estimated purchase price is $2.54 Billion, resulting in a loss of 72%.
The investor''s ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker''s meteoric 212% rise so far in 2023.
Cathie Wood''s ARK Invest ETFs are on the rebound in 2023 after plunging in 2021 and 2022. Five ARK Invest stocks to watch include Tesla.
Zoom Video Communications has gone from boom to bust, but this too shall pass.
Shares of Exact Sciences, Inc. (NASDAQ: EXAS ) have been on a tear, having gained over 27% in two sessions this week. ARKK’s Top Bet: Thanks to the rally, Ma...