Cathie Wood expands stakes in Archer Aviation, MercadoLibre, and Nu Holdings
MELI MercadoLibre Inc
$1490.24 -2.77%
View chart & analysis → 
- 1Cathie Wood added to her stake in Archer Aviation as the stock has fallen 60% from its debut price five years ago.
- 2MercadoLibre shares fell 8% on Monday, but the company maintained 30 consecutive quarters of growth with a recent quarterly net revenue growth rate of 50%.
- 3Nu Holdings shares fell 17% on Monday, and more than 60% of the adult population in Brazil has a relationship with the company.
So what's the key point?
Cathie Wood bought more shares of Archer Aviation, MercadoLibre, and Nu Holdings. She increased her holdings in these companies even though their stock prices fell.
Source The Motley Fool +1 · View original ↗
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