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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood's Ark Trims Exposure In Netflix Ahead Of Earnings Report

Netflix Cathie Wood Ark Invest Ark Investment Management

Cathie Wood’s money managing firm Ark Investment Management on Wednesday further lowered its exposure in the streaming video-on-demand company Netflix Inc (NASDAQ:NFLX) ahead of its quarterly earnings report.

Ark Invest sold 3,000 shares — estimated to be worth $1.5 million based on the latest closing price — in Netflix on Wednesday.

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