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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

Catherine Wood

Photographer: Kyle Grillot/Bloomberg

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.