Cathie Wood sells this tech stock for the first time in almost a year
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Cathie Wood's ARK ETFs have reduced their stake in Meta Platforms Inc. (NASDAQ: META) for the first time in almost a year, marking a significant move in their investment strategy.
March 19, 2025 | 3:15 pm
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Cathie Wood's ARK ETFs have sold shares of Meta Platforms Inc. for the first time in almost a year, indicating a potential shift in investment strategy.
The sale of Meta shares by Cathie Wood's ARK ETFs suggests a reevaluation of their position in the company, which could lead to a short-term negative impact on Meta's stock price as it may signal reduced confidence in the stock's immediate prospects.
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