Cathie Wood Loads Up On This IPO Stock As It Reverses Out Of Buy Zone
Cathie Wood and Ark Invest on Tuesday purchased thousands of shares of IPO stock eToro Group as the trading platform notched a volatile session after reporting first-quarter earnings. Wood's ARK Fintech Innovation ETF added 49,922 shares of ETOR on Tuesday for an estimated $3.34 million, according to daily trade disclosures. The IPO stock edged higher at the opening bell in Tuesday stock market action before sinking nearly 12% to 66.96.
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