Cathie Wood Sold $54 Million of Alibaba Stock in a Single Day. Is Alibaba a Sell?
Since mid-May, Cathie Wood’s Ark Invest has liquidated almost all of its position in Alibaba Group (NYSE: BABA). That included a $54 million sale of the Chinese e-commerce and artificial intelligence (AI) stock in a single day in late June.
Wood, who is both the CEO and the public face of the company,