Cathie Wood Watch: Ark Piles Into Coinbase and a Videogame Platform

General
Published by
The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has plunged 54% so far this year, as its young technology companies have slumped. Investment hotshot Cathie Wood, chief executive of Ark Investment Management, on Thursday continued to gobble up beleaguered stocks. That included a cryptocurrency exchange and a videogame-development platform. She did some selling, too. All valuations below are based on the May 12 close. Ark funds bought 240,791 shares of Coinbase (COIN) , the largest U.S. cryptocurrency exchange, valued at $14.1 million. The stock has plunged 72% year to date amid weakness in the c…

Read More

Leave a Reply