Cathie Wood Watch: Ark Sells Twilio, Buys Coinbase

Published by
The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slid 33% over the past year, but has bounced back 18% so far this year. Cathie Wood, chief executive of Ark Investment Management, made familiar trades of two big-name stocks Friday. Ark funds bought 119,429 shares of Coinbase Global (COIN) – Get Free Report, the largest U.S. cryptocurrency exchange, valued at $6.4 million as of Friday’s close. The company’s shares have tumbled 61% over the past 12 months amid turmoil in the cryptocurrency market. But they have rebounded 68% this year, helped by bitcoin’s recovery. Coinbase is the sixth bigges…

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