Cathie Wood, CEO of ARK Invest, and Roderick Snell, Fund Man...
Cathie Wood, CEO of ARK Invest, and Roderick Snell, Fund Manager at Baillie Gifford, put a bullish foot forward on Sea Limited $Sea(SE.US$ . Even as the Singapore-based consumer internet company is down 60% from its record high back on Oct. 19, both Wood and Snell see the upside in it.
Wood scooped up 146K shares of SE on Monday, according to her voluntarily disclosed trade records. ARK Next $ARK Next Generation Internet ETF(ARKW.US$
and $ARK Fintech Innovation ETF(ARKF.US$ took part in the buying as ARKW grabbed 97K shares and ARKF purchased 48K shares.
On the other hand, Snell feels that the pandemic has unfairly hurt $Sea(SE.US$ , and the drop in its share price does not have to do with the company's fundamentals.
Snell also noted that $Sea(SE.US$ currently owns the e-commerce platform Shopee, which is the leading shopping app in Indonesia.
Wood scooped up 146K shares of SE on Monday, according to her voluntarily disclosed trade records. ARK Next $ARK Next Generation Internet ETF(ARKW.US$
and $ARK Fintech Innovation ETF(ARKF.US$ took part in the buying as ARKW grabbed 97K shares and ARKF purchased 48K shares.
On the other hand, Snell feels that the pandemic has unfairly hurt $Sea(SE.US$ , and the drop in its share price does not have to do with the company's fundamentals.
Snell also noted that $Sea(SE.US$ currently owns the e-commerce platform Shopee, which is the leading shopping app in Indonesia.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
An investment enthusiast, moving securities-related content
3Followers
7Following
962Visitors
Follow
C L7 : Just short whatever cathie wood is buying
Bobi2206 C L7: Agree
DoreeneyOP Bobi2206:
Timothy Jessop : Come on Kathy, buy this $Sea (SE.US)$ stock. You know you want it, lol.