Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings – Markets Insider

Cathie Wood’s Ark Invest recently made moves in the stock market, purchasing $5.3 million worth of Crowdstrike shares while selling off $3.7 million of Tesla stock ahead of the company’s Q2 earnings report. Wood’s investment firm has shown a preference for beaten-down stocks like Crowdstrike, while reducing its exposure to Tesla. These strategic moves indicate Ark Invest’s confidence in Crowdstrike’s potential for growth, while possibly hedging its bets on Tesla’s upcoming performance. Investors will be watching closely to see how these decisions play out in the coming months.