Cathie Wood Watch: Ark Buys Coinbase, Sells Exact Sciences

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has dropped 44% over the last year, but has rebounded 19% so far this year. Wash, rinse, repeat. That’s what Cathie Wood, chief executive of Ark Investment Management, did Monday, repeating some recent trades in big names. DON’T MISS: Cathie Wood Plows Millions Into Her Newest Investment Ark funds bought 37,725 shares of Coinbase Global (COIN) – Get Free Report, the largest U.S. cryptocurrency exchange, valued at $2.4 million as of Monday’s close. The company’s shares have tumbled 67% over the past 12 months amid turmoil in the cryptocurrency mark…

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