Cathie Wood Watch: Ark Again Pares DraftKings Stake

Published by
The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has lost 37% over the past year but has rebounded 23% so far this year. Famed money manager Cathie Wood, chief executive of Ark Investment Management, bought and sold some of her same favorite names for the second day in a row Thursday. All transaction valuations are as of Thursday’s close Ark funds purchased 63,585 shares of Coinbase Global COIN, the largest U.S. cryptocurrency exchange, valued at $4 million. Wood has built up her Coinbase position for months. The company posted a $557 million loss for the fourth quarter. Coinbase shares have tum…

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