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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Further Cuts Netflix Stake, Selling $929K Worth Of Shares On Monday

Netflix Cathie Wood Ark Invest Ark Investment Management

Cathie Wood’s Ark Investment Management on Monday further lowered its exposure in Netflix Inc (NASDAQ:NFLX) just days after the streaming video-on-demand company issued “disappointing” quarterly guidance.

Ark Invest sold 2,400 shares — estimated to be worth $929,160 based on the latest closing price — in Netflix on Monday.

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