Cathie Wood Watch: Ark Sells More DraftKings, Buys Coinbase

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slid 41% over the past year, but has rebounded 28% so far this year. Famed money manager Cathie Wood, chief executive of Ark Investment Management, bought and sold some of her big-name stocks Thursday, repeating moves she has made for months. Ark funds shed 378,296 shares of online sports gambling platform DraftKings (DKNG) – Get Free Report, valued at $7 million as of Thursday’s close. The stock has lost 18% in the past year but has jumped 66% year to date amid strength in the sports-gambling market. DraftKings is the 12th biggest holding in …

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