Cathie Wood sells $6 million of one of 2024's top stocks
In 2024, The Nasdaq Composite gained nearly 30%, while Ark Innovation ETF returned 8.4%.
Cathie Wood, head of Ark Funding Administration, steadily adjusts her positions, adding to a preserving when the stock falls and selling when it rises.
She seems to fill performed that in February with a wisely-known expertise stock.
Wood’s flagship fund, the Ark Innovation ETF (ARKK) , underperformed the market in 2024.
Whereas it briefly outperformed the S&P 500 and Nasdaq Composite in January and early February, ARKK is down 3.4% year-to-date as of Feb. 28, when put next with a 1.2% catch for the S&P 500 and a 2.4% decline for the Nasdaq Composite.
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