Amazon (AMZN) shares have been in a freefall over the past two months as investors gauge the potential impact of President Donald Trump’s new tariffs on its core retail business.
Still, famed investor Cathie Wood continues to bet on a swift recovery in AMZN. Last week, the founder and chief executive of Ark Invest loaded up on 54,120 shares of the e-commerce giant for a total of about $9.3 million. Her purchases continue this week, with her funds snapping up shares as recently as April 7.
