- Cathie Woods snapped up some
Twitter shares during the worst trading week of the company. - On April 30, the star stock picker bought 1.3 million shares of
Twitter . - Twitter on that day tumbled as low as 15% for the fifth straight session.
On April 30, the star stock picker's funds bought 1.3 million shares of Twitter, with 843,194 shares purchased by the Ark Innovation ETF (
Both funds have a combined net asset value of roughly $29 billion, according to website.
The social media giant on Friday tumbled as much as 15%, declining for the fifth straight session after its first-quarter earnings report missed analyst estimates.
Twitter is trading lower by 0.91% to %54.74 as of 3:00 p.m. ET.
Wood had a banner year in 2020, earning her a cult-like following in the industry. Her funds have delivered eye-popping returns with her flagship fund up more than 150% in 2020.
This year has been slower for Wood, though. ARKK is down by 2.07% year-to-date while ARKW is up 2.49%.