Cathie Wood’s Ark Rebounds: A Dead-Cat Bounce?

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The Street

By Dan Weil Her flagship Ark Innovation ETF has come back from its May 12 intraday low, though it remains far down year to date. Is it just a dead-cat bounce or the sign of something bigger? Renowned investor Cathie Wood’s flagship Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report is on the rebound. It has bounced back 24% from its May 12 intraday low. The fund remains off 54% year to date and off 73% from its February 2021 high. In the past few weeks Wood’s disruptive technology stocks have rebounded in sync with other stocks. The tech-heavy Nasdaq Composite has climbed 10% from its M…

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