Cathie Wood Profits from Fintech Stock Surge with $12.8 Million Sale

Reported about 1 month ago

Cathie Wood's ARK funds saw a significant gain following Donald Trump's election, leading her to sell $12.8 million worth of SoFi Technologies stock to secure profits. Wood's strategy involves investing heavily in high-tech companies, although her flagship ARK Innovation ETF's long-term performance has faced criticism. SoFi, which has recently reported strong quarterly earnings and raised its revenue forecast, represents a notable win amid the fund's volatility.

Source: YAHOO

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