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-0.000517063081695864 0.00103412616339191 -0.00310237849017574 -0.00413650465356765 -0.00413650465356765 -0.00646328852119959 -0.0106359875904861 -0.016546018614271
Stock impact report

Cathie Wood sells $48 million of battered tech stock [Yahoo! Finance]

Unity Software Inc. (U) 
Company Research Source: Yahoo! Finance
ARK Invest's flagship fund, ARK Innovation ETF ARKK , is up 15.87% since Nov. 6, while the S&P 500 Index gained 3.5% in that stretch. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter It is still earnings season. Wood often sells shares of companies that surge after earnings reports, which enables her to secure profits and rebalance her portfolios. Investors and analysts have varying opinions on Cathie Wood. Supporters see her as a visionary in tech investing, while critics say she's an average fund manager. Wood's followers nicknamed her “Mama Cathie,” driven by her transparent, accessible discussions of strategy in the media. Wood gained widespread attention with an impressive 153% return in 2020. However, Wood's longer-term performance isn't so hot. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The flagship ARK Innovation ETF, with $5.4 billion under management, has returned 6.63% year-to-date, with an annualized three- Show less Read more
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