Cathie Wood bought more than $20 million worth of Teladoc as stock tanked Thursday

Published Fri, Apr 29 20228:24 AM EDTUpdated Fri, Apr 29 20224:24 PM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.

Eva Marie Uzcategui | Bloomberg | Getty Images

Ark Invest's Cathie Wood doubled down on Teladoc even as shares of one of her favorites stocks dropped 40% on Thursday.

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