Cathie Wood Watch: Ark Piles Into Coinbase and a Videogame Platform

Investment hotshot Cathie Wood, chief executive of Ark Investment Management, on Thursday continued to gobble up beleaguered stocks.

That included a cryptocurrency exchange and a videogame-development platform. She did some selling, too. All valuations below are based on the May 12 close.

Ark funds bought 240,791 shares of Coinbase  (COIN) , the largest U.S. cryptocurrency exchange, valued at $14.1 million. The stock has plunged 72% year to date amid weakness in the cryptocurrency market. To be sure, Coinbase has rebounded on May 13.

Source: https://www.thestreet.com/investing/cathie-wood-ark-buys-videogame-platform-more-coinbase?puc=yahoo&cm_ven=YAHOO&yptr=yahoo