Cathie Wood’s old-school stock shock purchase

Renowned money manager Cathie Wood, chief executive officer of Ark Investment Management, focuses on fledgling tech companies she considers disruptive.

But on Friday, she bought shares in a company that is certainly not a fledgling, and one that few consider a disruptive technology company. To be sure, this is also a company that has performed well in recent years under a highly regarded executive.

The company is General Motors (GM) – Get a free reportand the CEO is Mary Barra.

Ark Autonomous Technology & Robot ETF (ARKQ) – Get a free report purchased 70,226 shares, worth $2.9 million as of the end of Friday.


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button