Cathie Wood makes $7.9 million swing into former pandemic-darling stock
PositiveFinancial Markets

- On November 18, Cathie Wood's ARK Invest acquired 78,096 shares of Roblox, amounting to $7.9 million, highlighting a strong belief in the company's potential within the metaverse sector.
- This investment is notable as it represents Wood's most substantial commitment to Roblox, indicating a strategic shift in her portfolio towards innovative tech stocks.
- The move aligns with broader trends in the market where investment strategies are increasingly focused on companies that leverage technology and digital engagement, reflecting a potential recovery in interest for pandemic
— via World Pulse Now AI Editorial System

