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

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Cathie Wood’s ARK Invest kept selling Unity Software U, +2.81% 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, -7.13%, buying $29 million worth of stock, a day after poorly-received results.

This article was originally published by Marketwatch.com. Read the original article here.

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