Cathie Wood Watch: Ark Buys DraftKings Amid Big Drop

Famed investor Cathie Wood bought shares of two major companies and sold shares of two others on November 4, continuing her two-sided trading pattern.

The chief executive of Ark Investment Management acquired 1,682,361 shares of online sports betting DraftKings (DKNG) through various Ark funds. That pussy was valued at $19 million as of Friday’s close.

DraftKings fell 28% on Friday, its biggest drop since it started trading in 2019, after the company said user growth slowed in the third quarter.

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