Cathie Wood's Ark Invest Dumps Lockheed Martin Shares, Swoops Up Stock Of This Satellite Phone Provider

On Monday, Cathie Wood-led Ark Invest made significant trades involving Lockheed Martin Corp (NYSE:LMT), Reddit Inc (NYSE:RDDT), and Iridium Communications Inc (NASDAQ:IRDM).

The Lockheed Martin Corp Trade

Ark Invest’s decision to sell 15,995 shares of Lockheed Martin Corp (NYSE:LMT) through ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) comes during a period of mixed financial results for the aerospace giant. Recently, Lockheed Martin reported a slight decline in net sales for the fourth quarter of 2024, missing consensus estimates. However, the company surpassed earnings expectations with an adjusted EPS of $7.67. Despite challenges, analysts remain optimistic about the company’s future, especially ...

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