After four trading days of selling — outside of getting in on last week’s record-setting initial public offering (IPO) — Ark Invest co-founder, CEO, and Chief Investment Officer Cathie Wood started buying again on Wednesday.
She added to several existing positions
Some of her more intriguing buys this week include Eli Lilly (NYSE: LLY), Block (NYSE: XYZ), and Coinbase Global (NASDAQ: COIN). All three stocks moved slightly lower on Wednesday. Wood tends to build up her positions on down days, so that’s not a surprise.
Let’s take a closer look. 1. Eli Lilly Eli Lilly stock may have ticked lower on Wednesday, but it’s not a laggard. The pharmaceutical giant is beating the market with its 40% jump over the past year.