Cathie Wood Watch: Ark Sells Some DraftKings Shares

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slipped 42% over the last year, but has rebounded 24% so far in 2023. Cathie Wood, chief executive of Ark Investment Management, sold familiar names Wednesday. Ark funds sold 293,143 shares of online sports gambling platform DraftKings (DKNG) – Get Free Report, valued at $5.3 million as of Wednesday’s close. It was Wood’s first sale of the stock since March 13. DON’T MISS: Cathie Wood Says AI Puts This Ark Holding in ‘Pole Position’DraftKings has dipped 6% in the past year. But it has jumped 58% year to date amid strength in the sports-gamblin…

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