Cathie Wood made some big moves on Wednesday as she decided to sell off shares of Moderna and Jack Dorsey’s Block stocks. Wood, the founder and CEO of ARK Invest, is known for her bold investment strategies and has gained a following for her successful stock picks.
Wood’s decision to dump Moderna and Block stocks comes as a surprise to many investors, as both companies have been performing well in the market. Moderna, a biotech company known for its COVID-19 vaccine, has seen its stock price soar in recent months. Jack Dorsey’s Block, the parent company of Twitter and Square, has also been on an upward trajectory.
Despite the success of these companies, Wood decided to sell off her shares, signaling a shift in her investment strategy. While the reasons behind Wood’s decision are not entirely clear, some speculate that she may be looking to reallocate her funds into other promising opportunities.
Wood’s move will be closely watched by investors, as her track record has made her a key figure in the world of investing. Whether her decision to sell off Moderna and Block stocks will pay off remains to be seen, but one thing is for sure – Cathie Wood is not afraid to make bold moves in the market.