Cathie Wood-led Ark Investment Management dumped all of its stake in Virgin Galactic Holdings Inc (NYSE: SPCE) in tranches this month, shedding nearly 2 .
Cathie Wood-led Ark Investment Management dumped all of its stake in Virgin Galactic Holdings Inc (NYSE: SPCE) in tranches this month, shedding nearly 2 million shares in the space tourism company and missing out on a rocket-like rally. What Happened: Virgin Galactic shares have soared about 35.4% since Ark's first SPCE trade this month on May 6. Between May 6 and May 25, Wood's hedge fund has sold about 1.96 million shares. An average price of.