Reported about 9 hours ago
Cathie Wood, CEO of Ark Investment Management, recently sold a total of $5 million worth of shares in fintech company SoFi and data analytics firm Palantir. The Ark Fintech Innovation ETF divested 82,872 shares of SoFi for $1.24 million, while the Ark Innovation ETF sold 73,021 shares of Palantir for $4.48 million. Despite the sales, both companies have shown strong stock performance this year, with Palantir's shares up over 276% year-to-date, driven by its expanding role in the defense sector and the growing demand for AI and data analytics.
Source: YAHOO