Cathie Wood buys $9 million of surging tech stock
The Nasdaq Composite gained 30% in 2024, while the Ark Innovation ETF returned just 8.4%.
Cathie Wood, chief of Ark Investment Management, assuredly targets tech shares with excessive "disruptive" potential.
She recurrently adjusts her holdings around a firm’s earnings, both increasing or trimming positions in response to monetary results and market performances.
That’s what she did this week. She sold a tech inventory each forward of and after its earnings.
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