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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Sold Another $1.5M In Netflix On Thursday Ahead Of Stock Crashing On Weak Guidance

Netflix Cathie Wood Ark Invest Ark Investment Management

Cathie Wood’s money managing firm Ark Investment Management on Thursday sold more shares in Netflix Inc (NASDAQ:NTFLX) just ahead of the streaming video-on-demand company issuing quartely guidance below estimates and sending its shares down in the after-hours session.

Ark Invest sold 2,958 shares — estimated to be worth $1.5 million based on the latest closing price — in Netflix on Thursday.

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