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Barchart
Barchart
Sushree Mohanty

Why Is Cathie Wood Selling These 2 Stocks?

Cathie Wood Kratos Roblox ARK RBLX Kratos Defense Security Solutions Poseidon

Cathie Wood, the founder of ARK Invest, has earned a reputation as one of the most prominent growth investors. She is well-known for making bold bets on disruptive technologies such as genomics, autonomous technology, space, artificial intelligence (AI), robotics, and defense systems. Her strategy is aggressive and forward-thinking. Yet, she is willing to tolerate volatility in exchange for large returns over time. 

It is no wonder that when she buys or sells, the markets take notice. On Sept. 29, Wood reduced her stakes in Kratos Defense & Security Solutions (KTOS) and Roblox (RBLX), which are widely regarded as top-tier growth plays in the defense and innovative tech markets.

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