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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood's Ark Scooped Up More DraftKings And Block Shares on Monday But Cut Stake In This Social Media Firm

Cathie Wood-led Ark Investment Management on Monday bought more shares in online sports betting firm DraftKings Inc (NASDAQ: DKNG) and fintech company Block Inc (NYSE: SQ) while shedding some Twitter Inc (NYSE: TWTR) stock.

Ark Invest bought 279,441 shares of DraftKings, estimated to be worth $5 million, boosting its stake by about 1.4%.

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