Cathie Wood Watch: Ark Buys Coinbase Again, Tesla too

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has dropped 61% so far this year, and is down 77% from its February 2021 peak. Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, continued to buy and sell big technology stocks Nov. 9. The buying shows she’s acting on her contention that the 2022 declines of young, “disruptive” technology shares represent buying opportunities. Those shares are her stock and trade. All valuations below are as of Wednesday’s close. On the buying side, Ark funds purchased 237,675 shares of Coinbase Global (COIN) – Get Free Report, the…

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