Cathie Wood Continues To Sell Shares Of Jack Dorsey's Bitcoin-Focused Company Block — Ark Also Dumps Moderna, Robinhood Stock

On Wednesday, Cathie Wood’s Ark Invest made significant trades involving Block Inc (NYSE:SQ) and Moderna Inc (NASDAQ:MRNA).

The SQ Trade

Ark Invest sold off a significant amount of shares in the Jack Dorsey-led Block, despite the Bitcoin (CRYPTO: BTC)-focused company’s recent positive second-quarter results. The sale involved 23,473 shares from the ARK Innovation ETF (NYSE:ARKK), which, based on the closing price of $73.53 on Wednesday, is valued at approximately $1.72 million. Notably, this is the second day in running when Wood dumped Block shares. On Tuesday, Ark had offloaded 17,816 shares worth $1.28 million.

The MRNA Trade

Ark Invest also sold shares of Moderna Inc from both its ...

Full story available on Benzinga.com