Cathie Wood Sells $2.8M In Healthcare Stock Buoyed By Amazon-Linked Rumors

  • Cathie Wood-led Ark Investment Management on Wednesday sold 96,746 shares of Signify Health Inc. SGFY, estimated to be valued at around $2.8 million.
  • The firm sold 38,669 shares via its flagship ARK Innovation ETF ARKK exchange-traded fund and 58,007 via the ARK Genomic Revolution ETF ARKG.
  • Signify shares closed 0.17% higher at $29.15 on Wednesday, according to data from Benzinga Pro.
  • Wood began selling Signify shares when they saw a major spike on Aug. 22 after reports said Inc. AMZN may be interested in acquiring the healthcare company.

See Also: Best Healthcare Stocks Right Now

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Posted In: NewsSector ETFsBroad U.S. Equity ETFsShort IdeasHealth CareTrading IdeasETFsGeneralARK Investment ManagementCathie Wood
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