(Bloomberg) — Cathie Wood is once again offloading shares in her long-time favorite Nvidia Corp., as a slight rebound emerged ahead of the company’s earnings. Most Read from Bloomberg Her flagship Ark Innovation ETF sold 167,914 shares on Friday, adding to a sale of 50,252 shares on Oct. 20, accordingContinue Reading
Cathie Wood’s exchange-traded funds (ETFs) may have hit the skids, but she has crushed it on bitcoin. The Ark Investment Management CEO bought $100,000 worth of bitcoin when it traded at $250, she told The What Bitcoin Did Podcast. As of Oct. 24 that would be worth $7.7 million. WoodContinue Reading
It’s been a rough 2022 for famed money manager Cathie Wood, chief executive of Ark Investment Management, as her exchange-traded funds sink. Wood’s flagship fund, Ark Innovation ETF (ARKK) , plunged 64% year to date through Oct. 14, hitting a five-year low. Ark Innovation has tumbled 79% from its FebruaryContinue Reading
ARK Invest founder and CEO Cathie Wood relinquished her role as portfolio manager at two of the investment management firm’s exchange-traded funds, according to a regulatory filing. William Scherer, who has served as a trading manager at ARK since 2014, has been appointed to handle investments in place of WoodContinue Reading
Is Cathie Wood fearing more bad news from Nvidia? Wood’s ARK Invest funds trimmed their stake in Nvidia NVDA, +0.86% ahead of the graphics chipmaker’s results. Nvidia has already warned on second-quarter results, so the real question is the degree of caution it employs about the rest of the year.Continue Reading
Shares of popular crypto-exchange platform Coinbase (COIN) have been under an absurd amount of selling pressure over the past year, tanking 75% from peak to trough. The negative momentum has been unforgiving to even the boldest of investors. Innovation investor Cathie Wood recently announced that she had thrown in theContinue Reading
‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here’s 3 stocks she likes right now The official GDP estimate for Q2 won’t be available until later this month, but many experts – including Ark Invest’s Cathie Wood – areContinue Reading
Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially Wood’s terse response to news that the S&P 500 ESG Index has dropped Elon Musk’s electric-vehicle maker Tesla TSLA, -6.80% fromContinue Reading
(Bloomberg) — After one of the most dramatic weeks yet for ARK Investment Management, Wall Street can no longer have any doubts: Cathie Wood is sticking with her strategy — and investors are sticking with her. Most Read from Bloomberg The chances of both have been questioned this year asContinue Reading
Cathie Wood took a hit on Friday when the U.S. Securities and Exchange Commission (SEC) turned down an application for a spot bitcoin exchange-traded fund EFT from the star investor’s Ark 21Shares. Basically, the firm wanted the market watchdog to approve spot exchange-traded funds, or ETFs, based on actual bitcoin holdings.Continue Reading