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0.00018114560292889 -0.000743650369918363 -0.0011631454503852 -0.0023262909007704 -0.00598733887575316 -0.000991533826557817 0 0.00259324231561287
Stock impact report

Cathie Wood sells $2.1 million of megacap tech stock [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
The ARK Invest boss shed 3,578 shares of Meta Platforms ( META on March 25, a move worth nearly $2.1 million The sale was spread across three of ARK's major actively managed ETFs, with Meta coming off a lean patch, having dropped 16% of its value in the past month. It's important to note that ARK has had a mostly weak start to the year. For perspective, as per TotalRealReturns as of March 25 , Wood's flagship ARK Innovation ETF ( ARKK was trading in the red, down 9.13% year-to-date , while the S&P 500 was off by more than 5% on a total-return basis as of March 26. Wood's cold shoulder on Meta comes as the company faces multiple headwinds, from legal setbacks to capex concerns and layoffs signaling deeper stress. While the dollar amount may be small by ARK's standards, the move suggests that Meta is no longer tech's “it” stock, even if it remains on the radar. Cathie Wood sells part of a large tech holding as investors watch Ark's latest strategy shiftPhoto by Bloomberg on Show less Read more
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