Cathie Wood Dumps $142 Million of Twitter Stock Before Earnings
- ARK sells most Twitter shares in one day since at least May
- Wood’s two ETFs sold nearly 4 million shares on Monday
Catherine Wood
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Cathie Wood stepped up selling of social media platform Twitter Inc. shares days before its earnings.
Wood’s firm ARK Investment Management LLC sold nearly 4 million Twitter shares on Monday, the most in one day since at least May, according to trading data from ARK compiled by Bloomberg. The social-media company is set to announce its earnings on Thursday.