Cathie Wood shares posted modest gains as investors wait for a turn in macro factors. Some tech stocks saw inflows on the back of a rise in Nvidia, making it the largest stock by market capitalization. Nevertheless, assets are still falling short of inflows in the first quarter of 2024, which brought better-than-expected earnings.
Cathie Wood of ArkInvest rose to popularity with her daily updated stock portfolio. In 2021, Cathie Wood’s stocks soared and gained mainstream support and a community, but in recent years she has had less success. Crypto stocks have fallen due to the overall market downturn. Here are Cathie Wood’s stock trends for the week:
Coinbase (COIN)
Digital asset exchange Coinbase has been a trending Cathie Wood stock this week. coin It fell sharply amid a crypto market selloff, but hopes of a recovery are growing. The asset is down 3.90% and trading at $255.86. COIN has plummeted by 8% this week as crypto trading volumes have fallen around the world. Bitcoin And altcoins: Bulls are keeping an eye on the changing situation as cryptocurrencies bounce back after recording modest gains in the market, which could be positive for the asset in the short term.
Tesla Inc. (TSLA)
Electric car maker Tesla rose 0.79% to trade at $183. TSLA continues to attract inflows as investors turn to renewable energy solutions. The surge in electric vehicles has fueled the stock’s growth in recent years. However, macroeconomic factors have led to a decline in the weekly numbers, along with other assets. Over the past seven days, TSLA has fallen 1%, paring previous gains.
Robin Hood (HOOD)
Robinhood Markets Inc. is one of the stocks driving the trend of Cathie Wood shares on a weekly basis. This week, Cathie Wood shares have risen amid a market correction as inflows continue. Weekly trading volume is down 3%, but monthly trading volume is up 13%. Robin Hood Based on recently announced deals and partnerships, it is attracting a wider range of market participants, and its shares have risen more than 70% this year.
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