The stock did get a bit more interesting when Blade Mobility announced a deal to acquire Trinity Air Medical, a provider of human organ air transport.

Blade Air Mobility has a niche product - providing on-demand helicopter transport services - that's limited to major cities with heavy traffic and folks with the means to pay up to fly past the gridlock.

Pointing out that Blade Air Mobility is trading just 52% below this year's high makes it the relative winner of this three-stock sampler of Thursday purchases. Teladoc is the second largest holding among ARK Invest's positions, and it now owns 11% of the entire telemedicine company. Is this a slower clip than what investors have been treated to lately? Sure, but acquisitions have helped prop up the top-line steps in the past. We're talking about Teladoc's doubling in three years, translating to a compound average growth rate of 25% to 30%. Teladoc's outlook for the next couple of years begins with a $2.6 billion target for next year, topping $4 billion by the time 2024 rolls around. The $2.015 to $2.025 billion it expects to record in revenue this year is roughly in line with expectations, but it sees healthy growth in the coming years. Teladoc tumbled on Thursday despite posting compelling growth targets at its Investor Day presentation. ARK Invest added to its Teladoc position in four of its exchange-traded funds.

The telehealth specialist has plummeted 60% since peaking in February, but that's apparently a dinner bell for Wood. Teladoc HealthĪ lot of growth investors have given up on Teladoc, but that only means more shares to go around for ARK Invest. The three stocks have fallen between 52% and 77% from their 52-week highs as of Thursday's close. Wood added to her stakes in Teladoc Health (NYSE: TDOC), Blade Air Mobility (NASDAQ: BLDE), and Skillz (NYSE: SKLZ) on Thursday. The founder, CEO, and chief investment officer of ARK Invest made it a point to buy into some of her biggest laggards on Thursday.

Institutional Distribution IntelligenceĬathie Wood has a knack for growth stocks, but she can also be forgiving when momentum runs dry.

Non-Traditional Exchanges & New Markets.

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