Reported 1 day ago
Cathie Wood, head of Ark Investment Management, sold approximately $7.3 million worth of shares in Palantir Technologies after the stock surged over 400% in 2024, driven by strong earnings and increased demand for AI technology. While Wood is recognized for her disruptive tech investment strategy, Ark's long-term performance has faced criticism, with substantial outflows over the past year, raising concerns among investors.
Source: YAHOO