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Cathie Wood's ARK further reduces Unity Software stake after deal to buy more Palantir

Cathie Wood's ARK Invest kept selling Unity Software (U) after the company announced a $1.6 billion deal to buy Peter Jackson's Weta Digital, according to the disclosure of daily trading activity of the firm's site, selling $27 million worth of shares. ARK had sold Unity shares on Monday and Tuesday, ahead of the group's quarterly results. By contrast, ARK's funds increased their purchases of Palantir Technologies (PLTR), buying $29 million worth of stock, a day after poorly-received results.

-Steve Goldstein

 

(END) Dow Jones Newswires

11-11-21 0306ET

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