Cathie Wood Sells $54 Million of Alibaba Stock
Cathie Wood’s Ark Invest sold nearly all of its position in Alibaba Group (NYSE: BABA), including a single-day sale worth $54 million. The move comes after the stock lost half its value since October and reported significant earnings declines.
Tickers: $BABA
Topics: Alibaba stock sale Ark Invest Cathie Wood Stock fundamentals