Cathie Wood Watch: Ark Buys DraftKings Amid Drop

Celebrity investor Cathie Wood bought shares of two major companies and sold shares of two others on Nov. 4, continuing the double-sided pattern.

Ark Investment Management CEO acquired 1,682,361 shares of online sports betting company DraftKings (DKNG) through several Ark funds. That kitty was valued at $19 million as of Friday’s close.

DraftKings plunged 28% on Friday, its biggest drop since it began trading in 2019, after the company said its user growth slowed in the third quarter.

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