Cathie Wood Watch: Ark Again Trades Coinbase, DraftKings

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slumped 30% during the past year, but has rebounded 30% in 2023. Famed money manager Cathie Wood, chief executive of Ark Investment Management traded three big-name stocks Friday, repeating moves of the prior day and recent months. Ark funds bought 119,543 shares of Coinbase Global (COIN) – Get Free Report, the largest U.S. cryptocurrency exchange, valued at $7.7 million as of Friday’s close. DON’T MISS: Cathie Wood’s Theory Behind Her Firm’s Tesla Investment The company’s shares have tumbled 60% over the past 12 months amid turmoil in the cry…

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