Ark Invest Purchases $9.1 Million in Kratos Defense Stock
Cathie Wood's Ark Invest has acquired approximately $9.1 million worth of Kratos Defense & Security Solutions stock this month, elevating the position to one of its top holdings with a value exceeding $110 million. Despite shares being down over 33% year-to-date and trading at nearly 300 times trailing earnings, Ark Invest's buying suggests confidence in the company’s role in defense technology.
Tickers: $KTOS
Topics: Ark Invest Cathie Wood Kratos Defense & Security Solutions stock purchases