Cathie Wood Keeps Betting On Amazon's 'Haul' Play: Ark Loads Up $6M Worth Of Shares

On Thursday, Ark Invest, led by Cathie Wood, made significant trades in Amazon.com Inc. (NASDAQ:AMZN) and Rocket Lab USA Inc. (NASDAQ:RKLB), according to the firm’s daily trade data.

The Amazon Trade

Ark picked up 28,509 Amazon shares for ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), Ark Fintech Innovation ETF (NYSE:ARKF), and ARK Space Exploration & Innovation ETF (BATS:ARKX) in a transaction valued at $6.03 million. As of Thursday, Amazon’s stock closed at $211.48, reflecting a decrease of 1.22%.

Ark Invest’s move on Amazon comes in the wake of the e-commerce giant’s recent launch of a low-cost online storefront, “Haul”, designed to compete with Chinese e-commerce platforms. According to a report, Amazon initiated discussions with China-based sellers ...

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