Ark Invest's Cathie Wood bought 76,505 Amazon shares for $14M on Oct 8 amid ETF volatility.

Cathie Wood of Ark Invest purchased 76,505 shares of Amazon for nearly $14 million on October 8. This move comes amid the volatile performance of her Ark Innovation ETF, which saw a 67% decline in 2022 but rebounded with a 68% gain in 2023. Amazon leads in e-commerce and cloud computing, with strong revenue growth in both sectors. Its attractive pricing and long-term investment strategy make it a noteworthy option for investors.

October 13, 2024
11 Articles