Cathie Wood, known for her successful investment strategies, recently made a move in her portfolio by selling $15.3 million worth of Tesla stock. In exchange, she purchased shares of a surging drone company.
Wood, the founder and CEO of ARK Invest, has garnered attention for her bold investment decisions. Her decision to sell Tesla stock, a company she has been known to support in the past, raised eyebrows among investors.
On the flip side, Wood’s purchase of shares in a drone company indicates her confidence in the growing drone industry. Drones have been increasingly used in various sectors, including delivery services, agriculture, and surveillance.
While some may question Wood’s decision to sell Tesla stock, her move to invest in a surging drone company shows her willingness to adapt to changing market trends. As always, investors will be watching closely to see how Wood’s latest investment plays out.