Cathie Wood's ARK Pares Amazon, Adds These Aerospace Stocks
Detailed summary
The ARK leader's purchases followed robust sales for the rocket launch company. The post Cathie Wood's ARK Pares Amazon, Adds These Aerospace Stocks appeared first on Investor's…
Cathie Wood-led ARK Invest dumped Amazon stock while piling into aerospace and space stocks Rocket Lab and Archer Aviation. According to ARK's daily trade disclosures, Wood sold Amazon (AMZN) shares worth nearly $3 million on Tuesday, while loading up on around $9.7 million worth of Archer Aviation (ACHR), an air taxi company, and Rocket Lab (RKLB), a space company and launch…
Opening of the article, excerpted from Investor's Business Daily. To read the rest, open the article on the publisher's site.
MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.investors.com)
