Cathie Wood unloads $8 million of surging tech stock

News Snapshot:

Cathie Wood, head of Ark Investment Management, is an active trader. She often buys her favorite stocks when they fall and sells them when they rise. The investment community has conflicting views toward Wood, who may be the country’s best-known investor after Warren Buffett. Boosters say she’s a technology visionary, while detractors say she’s just a mediocre money manager. Wood (Mama Cathie to her followers) rocketed to acclaim after a stupendous return of 153% in 2020 and lucid presentations of her investment philosophy in numerous media appearances. Cathie Wood made a name for herself by buying young technology stocks. ARK...