Cathie Wood, the chief at ARK Investment Management, has offloaded approximately $28 million worth of Palantir Technologies Inc. (NASDAQ:PLTR) shares.
Wood’s funds have experienced a turbulent period recently, marked by severe losses and robust gains. Despite the market volatility, the flagship ARK Innovation ETF (ARKK) has seen a 29.7% increase year-to-date, significantly surpassing the S&P 500’s 8.6% gain.
