Cathie Wood’s ARK Sells More Tesla. She’s Buying This Stock.

1 month ago 16
PR Distribution

Cathie Wood’s ARK has sold more of its stake in Tesla, and snapped up shares in mobile gaming company Skillz, an email update from the investment management firm showed Friday.

The leading technology investor has ditched 46,414 shares, worth an estimated $41.5 million, in the electric-vehicle giant just days after taking a profit with a $200 million disposal. She had signaled at a conference last month that she would be willing to sell down her flagship fund’s stake in Tesla (ticker: TSLA), according to reports.

ARK’s...

Read Entire Article