Virgin Galactic Slumps as Cathie Wood’s ARK Dumps Shares By Investing.com
By Christiana Sciaudone Investing.com -- Cathie Wood strikes again. Shortly after launching her space-focused ETF, the star investor dumped shares of Virgin Galactic Holdings Inc (NYSE:SPCE), sending the stock down about 6%. ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ) sold 315,600 shares of Virgin Galactic and ARK Space Exploration & Innovation ETF (NYSE:ARKX) sold 275,204 shares, approximately $13.3 million, 247wallstreet.com said.Virgin Galactic is down by more than half since hitting a record earlier this year. But big names have been selling the stock recently, including billionaire founder Sir Richard Branson. The company aims to offer commercial service...
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