Cathie Wood Doubles Down on Joby Aviation After Stock Crashes 17%
This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest made fresh portfolio adjustments on Thursday, adding to select holdings that recently came under pressure while cutting exposure to stocks trading near recent highs, according to the firm’s daily disclosures.
ARK increased its position in Joby Aviation (NYSE:JOBY) after the flying-taxi developer’s shares tumbled in the previous session.
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