Cathie Wood Watch: Ark Unloads Some of a Favorite

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The Street

By Dan Weil Ark Innovation ETF has slid 47% during the past year and 76% from its February 2021 peak. Famed investor Cathie Wood, chief executive of Ark Investment Management, unloaded one of her favorite stocks Jan. 23, perhaps trying to take advantage of its recent rebound. Ark funds dumped 175,491 shares of Exact Sciences (EXAS) – Get Free Report, a medical diagnostics company famous for its at-home colon cancer test. That kitty was valued at $11.9 million as of the Jan. 23 close. The stock has lost 11% over the past year, but it has jumped 119% since Oct. 14 buoyed by strong earnings and t…

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