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

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