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✉news ScienceSpace first seen 1 d ago, last 11 h ago, peak #11

Cathie Wood Trims SpaceX, DraftKings, Robinhood, Buys Air Taxi Stocks

Original: Cathie Wood Trims SpaceX, DraftKings, Robinhood Shares. Adds $16 Mil In Air Taxi Stocks.

Cathie Wood's Ark Investment Management sold portions of its holdings in SpaceX, DraftKings and Robinhood while putting roughly $16 million into air taxi stocks, according to Investor's Business Daily. The portfolio reshuffle signals the prominent investor is rotating out of some high-profile tech and consumer bets and increasing exposure to the emerging electric air mobility sector.

Why now: Cathie Wood's fund moves are closely watched by retail investors as signals of where momentum money may head next.

Cathie WoodArk Investment ManagementSpaceXDraftKingsRobinhood

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