Cathie Wood Watch: Ark Sells Tesla for Second Straight Day

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has lost 42% during the past year, but has bounced back 20% so far in 2023. Cathie Wood, chief executive of Ark Investment Management, liked her trades so much Thursday that she repeated some of them Friday. Ark funds sold 130,698 shares of electric vehicle titan Tesla TSLA Friday, valued at $24.9 million as of that day’s close. Until Thursday, Wood had been buying the stock for more than five months. She is one of Tesla’s biggest proselytizers and has called her previous sales of the stock profit-taking. It remains the biggest holding by far in W…

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