Everyone loves a sale, including Ark Invest head honcho Cathie Wood, who has not been shy about purchasing a number of stocks that are trading under $5 per share.
Here's a list of three stocks the venerated stock picker has picked up across her portfolio of Ark funds for the cheap.
JOBY Aviation (JOBY): Joby is an aviation company that is working on an air taxi service powered by electric vertical takeoff and landing (eVTOL) aircraft. Flight testing is expected to begin sometime during the first half of 2023.
JOBY Aviation shares have fallen more than 30% over the past 12 months, but year to date the stock has rebounded more than 15%, including a 1.4% increase on Wednesday, leaving the stock at about $3.87 per share.
Ark Autonomous Technology & Robotics ETF has purchased 1.02 million shares of the stock this week.
Niu Technologies (NIU): Niu is a Chinese company that sells smart electric scooters and motorcycles. It also sells accessories and spare parts to upgrade its vehicles. The company has more than 3,000 stores in 239 Chinese cities as well as 50 other countries internationally, according to Yahoo.
Niu is down more than 12% this year and down more than 60% over the past 12 months.
Ark Autonomous Technology & Robotics ETF has purchased nearly 243,000 shares over the past 10 days.
Nextdoor Holdings (KIND): Nextdoor is a neighborhood social network company that lets users post relevant information about their neighborhoods through their Nextdoor app.
The company is trading near $2 per share with a market capitalization of about $775 million. The company's stock is down about 5% so far this year, but the stock is up 2% Wednesday.
Wood's Ark Next Generation Internet ETF purchased nearly 474,000 shares of the company over the last ten days.
