Cathie Wood’s ARK Sells More Tesla. She’s Buying This Stock.

Cathie Wood’s ARK has sold much of its involvement successful Tesla, and snapped up shares successful mobile gaming institution Skillz, an email update from the concern absorption steadfast showed Friday.

The starring exertion capitalist has ditched 46,414 shares, worthy an estimated $41.5 million, successful the electric-vehicle elephantine conscionable days aft taking a nett with a $200 cardinal disposal. She had signaled astatine a league past period that she would beryllium consenting to merchantability down her flagship fund’s involvement successful Tesla (ticker: TSLA), according to reports.

ARK’s...