Why Can't Cathie Wood Stop Selling These 3 Tech Innovators Right Now?
Prominent growth investor Cathie Wood is rebalancing her largest and most familiar growth-stock fund. The Ark Innovation ETF (NYSEMKT: ARKK) exchange-traded fund has sold millions of shares in Coinbase Global (NASDAQ: COIN), Zoom Video Communications (NASDAQ: ZM), and (NYSE: TWLO) in recent weeks.
These are some of Cathie Wood's best-loved investments, and she often praises them in recent interviews. So why is she dumping these choice holdings by the boatload?
I don't have a direct line to Wood's fund management office, but let's try to figure out why she's leaning away from these particular stocks in February 2024.
Source Fool.com
Twilio Inc Stock
€55.25
0.160%
Our community is currently high on Twilio Inc with 18 Buy predictions and 3 Sell predictions.
As a result the target price of 70 € shows a positive potential of 26.7% compared to the current price of 55.25 € for Twilio Inc.
