First reported by Bars
Cathie Wood Sold $54 Million of Alibaba Stock in a Single Day. Is Alibaba a Sell?
Cathie Wood buys $38.1 million in Tesla shares during 7% stock decline
Cathie Wood's Ark Investment Management purchased $38.1 million worth of Tesla stock during a significant pullback where shares fell over 7% in a single day. The article highlights Wood's strategy of buying "disruptive" tech stocks during market downturns and compares the performance of her flagship Ark Innovation ETF (ARKK) against the S&P 500 in 2025 and year-to-date.
Key quotes
Cathie Wood, chief of Ark Investment Management, is known for buying 'disruptive' tech stocks during market pullbacks.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period.
So far this year, Wood's flagship Ark Innovation ETF (ARKK) is up 4.34% year to date, while the S&P 500 surged 9.32%
From the article
Cathie Wood, chief of Ark Investment Management, is known for buying "disruptive" tech stocks during market pullbacks.
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