"Wood Sister" sold more than $30 million in Tesla stock again, adding to Meta and Amazon

"Wood sister" Cathie Wood (Cathie Wood) recently continued to sell Tesla shares, while adding to Amazon and Meta. According to the latest data released by Wood's Ark Investment Management (ARK Investment Management), its ARK Innovation ETF (ARKK) and Ark Next Generation Internet (ARKW) ETF two funds sold 120,041 Tesla shares on October 28 local time, worth 31.54 million US dollars. It is worth noting that Ark Investment has sold 85,456 Tesla shares last Thursday, worth about 22.22 million US dollars. Wood chose to sell Tesla shares at this time, mainly because Tesla recently reported better-than-expected third-quarter earnings, which caused the company's share price to rise sharply. Still, Tesla is the largest holding in Ark Investments' two ETF portfolios. The ARKK and ARKW ETFs bought an additional 141,504 Amazon shares, worth a total of $26.66 million. Over the past few trading days, Wood has continued to stock up on Amazon shares in hopes that Amazon will report strong third-quarter earnings. (Global Market News)