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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Continues Sell-Spree In Netflix, Shedding $822K Worth Of Shares On Wednesday

Netflix Cathie Wood Ark Invest Ark Investment Management NFLX

Cathie Wood’s Ark Investment Management is quickly shedding its remaining stake in Netflix Inc (NASDAQ:NFLX) just days after the streaming video-on-demand company issued “disappointing” quarterly guidance.

The popular money managing firm on Wednesday sold 2,286 shares —estimated to be worth $822,274— in Netflix. 

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