Cathie Wood buys more of three next-generation mobility companies following stock price declines
JOBY Joby Aviation Inc
$5.75 0.00%
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- 1Cathie Wood, co-founder and CEO of Ark Invest, increased holdings in existing positions Archer Aviation, Joby Aviation, and WeRide on Wednesday.
- 2Archer Aviation has seen a 38% decline in its stock price this year, while Joby Aviation recorded the largest decline among the three companies at 56%.
- 3WeRide's revenue increased by 73% in the first half of this year, but the company burned $200 million in cash during the first six months of the year.
So what's the key point?
Cathie Wood purchased more shares of Archer Aviation, Joby Aviation, and WeRide after their stock prices fell. Although Joby Aviation's stock price dropped 56% this year, she decided to increase her holdings in these companies.
Source The Motley Fool +1 · View original ↗
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