On Wednesday, Cathie Wood-led Ark Invest made a significant move by selling a substantial portion of its stake in DraftKings Inc (NASDAQ:DKNG). The DraftKings Trade The sale, valued at nearly $8.04 million, was made through the company’s flagshipARK Innovation ETF (NYSE:ARKK). The total number of shares sold amounted to 229,215. On Wednesday, DraftKings stock rose 4.2% to $35.07. Ark Invest’s decision to sell shares of DraftKings appears as a pivotal shift, especially considering the company’s previous stance on the sports betting giant. As detailed in a Benzinga article, DraftKings has been a…

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