Cathie Wood sells over 38K Palantir shares before earnings
Crypto Briefing
ARK Invest, led by Cathie Wood, sold over 38,000 Palantir shares before earnings, reallocating funds to crypto and healthcare.Summary
Cathie Wood's ARK Invest sold more than 38,000 shares of Palantir Technologies, primarily through its flagship ARKK ETF, just before the data analytics firm's earnings report. This divestment is part of a broader strategic shift where ARK Invest is reallocating capital away from Palantir and increasing positions in other sectors. Specifically, the firm has been purchasing shares in Bullish, a crypto exchange operator, across several of its ETFs, and is also boosting its holdings in companies like Beam Therapeutics, signaling a pivot toward crypto and healthcare plays amidst changing tech sector positioning.
(Source：Crypto Briefing)