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Here s How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock

Cathie Wood-led Ark Investment Management dumped all of its stake in Virgin Galactic Holdings Inc (NYSE: SPCE) in tranches this month, shedding nearly 2 million shares in the space tourism company and missing out on a rocket-like rally. What Happened: Virgin Galactic shares have soared about 35.4% since Ark's first SPCE trade this month on May 6. Between May 6 and May 25, Wood's hedge fund has sold about 1.96 million shares. An average price of.

Cathie Wood s space ETF sold off Virgin Galactic stock before it staged a massive rally following a successful test flight

Cathie Wood s space ETF sold off Virgin Galactic stock before it staged a massive rally following a successful test flight ilee@insider.com (Isabelle Lee) © ARK Invest Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years. ARK Invest Cathie Wood s Ark Invest sold most of its Virgin Galactic holdings as of May 25. The gradual selling happened just before Virgin Galactic launched a successful test flight that pushed its stock to a six-week high. As of May 25, only Wood s ARKX had Virgin Galactic shares, holding only about $322 of the commercial-space flight company.

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