Reported 15 days 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