Cathie Wood Just Bought 5 Million Shares of Archer Aviation. Should You Follow Her Lead While The Stock Trades Below $10?

Ark Invest CEO Cathie Wood is known for making moonshot bets. While most money managers balance their portfolios with a healthy mix of blue chip, growth, and even some speculative stocks, Wood tends to build positions in riskier opportunities.One stock that has recently become a staple in Wood's buying activity is Archer Aviation (NYSE: ACHR), a manufacturer of electric air taxis. Between Oct. 28 and Nov. 13, Ark Invest purchased 2.5 million shares of Archer.Nearly one month later, on Dec. 13, Wood doubled down on her Archer bet -- scooping up a whopping 5 million shares spread across her ARK Innovation, ARK Autonomous Technology & Robotics, and ARK Space Exploration & Innovation exchange-traded funds (ETFs).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool