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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Snapped Up More Shares In Zoom And This Gaming Company On Thursday's Dip

Cathie Wood Roblox Ark Invest NYSE Ark Investment Management RBLX Roblox Corp Zoom Video Zoom Video Communications Inc

Cathie Wood-led Ark Investment Management scooped up more shares of social gaming platform Roblox Corp (NYSE: RBLX) and videoconferencing developer Zoom Video Communications Inc (NASDAQ: ZM) following a dip on Thursday.

The popular money manager bought 506,738 Roblox shares, estimated to be worth $22.9 million based on their last close, boosting its exposure by 10%.  Roblox closed 6.6% lower at $45.2 a share on Thursday and is down 54.2% this year.

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