Cathie Wood Goes On a Selling Spree: 3 Stocks She Just Sold
Ark Invest is lightening its stake in three popular investments.
Overview
I've spent years covering what Cathie Wood is buying. The widely followed aggressive growth investor makes it easy. As the co-founder, CEO, and chief investment officer at Ark Invest she routinely publishes her firm's daily trades across all of its ETFs. Today I want to talk about some of her recent sell decisions.
Ark lightened its positions in Advanced Micro Devices (NASDAQ: AMD), Robinhood Markets (NASDAQ: HOOD), and Roku (NASDAQ: ROKU) on Thursday. The three stocks have entirely different stories. One is experiencing sharply accelerating growth, but another is going in the different direction. The third recently announced that it was being acquired. Let's take a closer look at what could be driving Wood to reduce the weight of these three stocks in her ETF portfolios.
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Originally published at www.fool.com.