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REFILE-Cathie Wood buys the Zoom dip, invests over $56 million

reuters.com · 09/01/2021 07:44
REFILE-Cathie Wood buys the Zoom dip, invests over $56 million

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- Star investor Cathie Wood's funds have scooped up $56.5 million worth of shares in Zoom Video Communications Inc ZM as the video conferencing company's stock registered their worst day in months on Tuesday after warning on slowing demand.

Ark Invest added about $45.5 million shares of the stay-at-home beneficiary in the flagship ARK Innovation ETF ARKK.P and about $11 million in the ARK Next Generation Internet ETF ARKW.O, according to an email from the asset manager headed by Wood.


(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))