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Cathie Wood buys $31.6M of Rocket Lab stock: is she betting the selloff went too far?
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Cathie Wood buys $31.6M of Rocket Lab stock: is she betting the selloff went too far?
Rocket Lab stock (NASDAQ: RKLB) is under pressure, Neutron’s inaugural launch window is narrowing and NASA has handed a major Mars communications contract to Blue Origin. Yet Cathie Wood’s ARK Investment Management is buying. ARK purchased 504,799 Rocket Lab shares across three ETFs on Tuesday, worth about $31.6 million at the $62.54 closing price. That followed 200,303 shares bought Monday, taking two-day purchases to 705,102 shares, worth roug…
·Road Town, Virgin Islands (British)
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