Cathie Wood Sells $2.8M In Healthcare Stock Buoyed By Amazon-Linked Rumors

Benzinga Overnight Desk

September 28, 2022

Cathie Wood-led Ark Investment Management on Wednesday sold 96,746 shares of Signify Health Inc. (NYSE: SGFY), estimated to be valued at around $2.8 million.
The firm sold 38,669 shares via its flagship ARK Innovation ETF (NYSE: ARKK) exchange-traded fund and 58,007 via the ARK Genomic Revolution ETF (BATS: ARKG).
Signify shares closed 0.17% higher at $29.15 on Wednesday, according to data from Benzinga Pro.
Wood began selling Signify shares when they saw a major spike on Aug. 22 after reports said Amazon.com Inc. (NASDAQ: AMZN) may be interested in acquiring the healthcare company.

See Also: Best Healthcare Stocks Right Now

Recommended

Did This Crypto Millionaire Humiliate Himself? - Ad

READ THIS If You Missed Out on the AI Boom - Ad

Market Warning: Is BTC is Just the Start? - Ad

Former President Donald Trump could see a strategic victory in his Supreme Court case, even if the court dismisses his claim regarding presidential immunity.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

Jeff Bezos' Next Trillion Dollar Bet (shocking)

Jeff Bezos' Next Trillion Dollar Bet (shocking) - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Trump vs. Biden: Nationwide Poll Shows Key Issue Decidedly Tilts Equation In Favor Of One Candidate

Even though the economy has been relatively stable despite challenges, voters remain unconvinced about the Biden administration's performance.

Apple's Q2 Earnings, iPhone Sales Slump, And A Massive $110B Stock Buyback: This Week In Appleverse

Apple has had a busy week with a mix of good and bad news, including an earnings beat, stock buyback and iPhone sales slump.

Could Elon's New Device be Bigger than the iPhone?

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Top 3 Real Estate Stocks That Are Set To Fly In April

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Maui sues cell carriers over wildfire warning alerts that were never received during service outages

HONOLULU (AP) — Had emergency responders known about widespread cellphone outages during the height of last summer's deadly , they would have used other methods to warn about the disaster, county officials said in a lawsuit.

NOT Bitcoin or Options... But Already Making Folks Rich in 2024

NOT Bitcoin or Options... But Already Making Folks Rich in 2024 - Ad

Former Goldman Sachs Trader Dr. David Eifrig just stepped forward with a way to protect your money this November -- no matter who wins the presidential seat. In fact, election chaos will likely make this even better. It's a "secret" of the rich and connected that 99% of folks don't know about...

How Much Will Taylor Swift's Net Worth Grow With 'The Tortured Poets Department'?

How much will Taylor Swift's 'The Tortured Poets Department' boost her net worth? Get expert insights here

South Korea's 5-Year Plan To Grow Its Console Gaming Market By 2028

South Korea's plan to boost console gaming, diversifying from mobile platforms, through strategic partnerships and market growth projections

Stock Alert: "Red Flag" Warning

Stock Alert: "Red Flag" Warning - Ad

The Wall Street legend who called the 2020 tech crash just issued a jarring warning about the AI market.

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

SULPHUR, Okla. (AP) — When Oklahoma and national officials held a press conference Monday to discuss the scale of devastation , Kathy John did what she always does: She showed up to report on it for the town’s weekly newspaper, the Sulphur Times-Democrat.

The Mysterious Tale of "America's No. 1 Retirement Stock"

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Chinese Embassy Condemns Proposed U.S. Tariffs As Examples Of Unilateralism And Protectionism, As Biden Seeks To Court Critical Voters

Biden's tariff warnings indicate continuing U.S.-China tensions, leading to criticism from the Chinese embassy.

Kentucky governor announces lottery to award initial round of medical cannabis business licenses

FRANKFORT, Ky. (AP) — Kentucky will use a lottery system to award an initial round of licenses to businesses competing to participate in the state's startup medical cannabis program, Gov. Andy Beshear announced Thursday.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Poland is still not ready to adopt the euro, its finance minister says

WARSAW, Poland (AP) — Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.

Micro-Cap Brain Cancer Focused Plus Therapeutics Poised To Receive $3M From US Department of Defense

Plus Therapeutics will secure $3 million in funding from the Department of Defense for pediatric brain cancer trial expansion.

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

Declares this radical biotechnology "is going to be flat out one of the biggest [tech revolutions] ever." And this $10 stock is at the center of all.

Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues

Rapidly climbing sales of the and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.

How to design a volunteering program in your workplace

More workplaces are bolstering their volunteer programs, especially as employee demands grow for socially responsible employers and engagement. Nearly three in five companies surveyed by the Association of Corporate Citizenship Professionals reported last year.

Could Elon Musk's New Device Save Us from A.I. Apocalypse?

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Insiders Buying Ashford And 1 Other Stock

Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.

Why Media Company Omnicom Shares Are Trading Higher Premarket Today

Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Bitcoin Halving Jitters: Why 10x Research Urges Caution

With Bitcoin (CRYPTO: BTC) down 11% over the past week, a 10x Research report advises caution considering the sell-off ahead of the Bitcoin halving.

Tesla Bull Says 'Don't Know...What's Going To Happen To TSLA Stock Next Week' Ahead Of Earnings Call: 'Much Depends On...'

Black expects the $25K compact's production to commence in 2026, despite the prioritization of the robotaxi project.

Why James Altucher SOLD All His Bitcoin

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

Operator of Japan's wrecked Fukushima Daiichi nuclear plant prepares to restart another plant

TOKYO (AP) — The operator of the tsunami-wrecked said on Monday that it has obtained permission from safety regulators to start loading atomic fuel into a reactor at its only operable plant in north-central Japan, which it is keen to restart for the first time since the 2011 disaster.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin]

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold's Direct Offering And More: Tuesday's Top Mining Stories

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field

TotalEnergies SE has signed a deal with Trident Energy for purchase and sale transactions in Congo, increasing its stake in the Moho license and selling its interests in the Nkossa and Nsoko II licenses.

TikTok Sale Or Ban? Social Media Giant's Future Hangs In Balance As House Passes Controversial Bill

On Saturday, the U.S. House of Representatives passed a bill that could significantly impact the future of TikTok in the U.S.

A.I. Pioneer Issues Urgent Warning to Americans

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution

HONG KONG (AP) — Hong Kong has long been a major producer and consumer of great food, and a great amount of plastic and Styrofoam to go with it.