Cathie Wood Sells $21.5 Million in Tech Stocks Amid Market Volatility

Reported 1 day ago

Cathie Wood, CEO of Ark Investment Management, recently sold $21.5 million worth of shares in Tesla, Palantir, and Coinbase as part of her strategy to realize gains from her top holdings. This move comes after a hawkish interest rate cut by the Federal Reserve, amidst a mixed reception from investors regarding Wood's long-term performance in contrast to the broader market's gains. Despite selling, Tesla and Palantir remain significant components of her funds, as she aims to navigate the volatile tech sector.

Source: YAHOO

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