Cathie Wood Continues Sell-Spree in Netflix, Shedding $822,000 Worth of Shares on Wednesday

Cathie Wood Continues Sell-Spree in Netflix, Shedding $822,000 Worth of Shares on Wednesday
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Cathie Wood’s Ark Investment Management is quickly shedding its remaining stake in Netflix Inc. just days after the streaming video-on-demand company issued “disappointing” quarterly guidance.

The popular money managing firm on Wednesday sold 2,286 shares—estimated to be worth $822,274—in Netflix.