Cathie Wood drops $10 million on next-gen tech stock

Investors in Joby Aviation (JOBY) stock have been on a wild ride of late, but Cathie Wood used the recent weakness to buy the dip. The electric vertical takeoff and landing (eVTOL) aircraft maker is coming off a strong year, spearheaded by positive developments on the business end. However, following a major capital raise, its stock nosedived, and Wood stepped in to buy 781,519 shares worth more than $10 million through ARK ETFs on Jan. 29. The move is classic ARK, with Wood often using pullbacks to ad ...