Cathie Wood Sold $8 Million of AMD Stock in a Single Day
Ark sold off more than $8 million worth of AMD stock on July 6, but there isn't a reason to panic.
Overview
On July 6, Cathie Wood was busy with her Ark empire, selling several positions and buying others. One particularly notable trade reported on the day was Advanced Micro Devices (NASDAQ: AMD).
Through Ark Innovation, Wood sold over 15,000 shares of AMD, which were valued at more than $8 million.
Details
That may seem like a cause for concern or an early warning that trouble could be brewing for AMD, as Ark may be seeing something retail investors might be missing. However, the selling is likely more about portfolio management than about anything wrong with AMD.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.