Cathie Wood sells $36 million of megacap tech stock
Cathie Wood, head of Ark Investment Management, usually buys the dip during market selloffs. But last week, she shifted course, selling large chunks of major tech names amid the market downturn caused by the U.S.-Iran war. Last year, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the […]
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