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Why is Cathie Wood buying Meta stock and selling Alphabet shares?
Source: invezz.com
Insider TransactionsTechnology & InnovationMarket Technicals & FlowsInvestor Sentiment & Positioning
Cathie Wood's ARK Invest rotated within mega-cap technology, purchasing 38,304 Meta shares worth about $24.8 million through its ARKK ETF while reducing its Alphabet position. The trade signals a modest relative preference for Meta over Alphabet within ARK's technology portfolio, though the disclosed transaction is unlikely to materially affect either company's share price.
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