"Cathie Wood's Latest Moves: Selling Tesla, Buying Coinbase, and More"

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Source: Investor's Business Daily
"Cathie Wood's Latest Moves: Selling Tesla, Buying Coinbase, and More"
Photo: Investor's Business Daily
TL;DR Summary

Cathie Wood's ARK Invest sold $27 million worth of Tesla shares and bought the dip on Coinbase, adding 268,928 shares worth $17.83 million after the crypto exchange received a warning from the SEC. Wood also purchased 320,557 shares of payment processor Block. Tesla shares traded 1.1% lower early Friday, while Coinbase shares slid another 4.5% premarket Friday.

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