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Business
Anushka Dutta

Cathie Wood Just Bought This Stock for Under $5. Should You?

Cathie Wood Ark Invest

Healthcare company SomaLogic, Inc. (SLGC) operates as a protein biomarker discovery and clinical diagnostics firm, developing slow off-rate modified aptamers (SOMAmers) and offering proprietary SomaScan services.

Renowned investor Cathie Wood’s firm ARK Invest owns 11.02 million SLGC shares for a total value of $31.95 million, according to its latest 13F filing. The imputed share price was $2.90. SLGC has a 0.2% weight in ARK Invest and a 1.12% weight in ARK Genomic Revolution ETF (ARKG). ARK owns 4.97% of the company.

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