Cathie Wood Watch: Ark Buys Shopify, Coinbase, LatAm E-Commerce Firm

Investment luminary Cathie Wood, chief executive of Ark Investment Management, on Thursday bought and sold…

Investment luminary Cathie Wood, chief executive of Ark Investment Management, on Thursday bought and sold familiar names, including a Latin American e-commerce company.

Wood snagged several technology stocks that have struggled recently. She has said the plunge in tech stocks represents a buying opportunity.

All the valuations below are as of Thursday’s close.

Ark Fintech Innovation ETF  (ARKF) – Get ARK Fintech Innovation ETF Report purchased 2,861 shares of the Buenos Aires e-commerce-platform company MercadoLibre  (MELI) – Get MercadoLibre, Inc. Report, valued at $2.6 million. The stock, currently trading around $905, has dropped by almost a third this year. The company focuses on South America, Central America and the U.S.


https://www.thestreet.com/investing/cathie-wood-watch-shopify-coinbase-mercadolibre-tesla-twitter