Cathie Wood’s ARK bolsters Exact Sciences, sheds DraftKings stock

Published 08/08/2025, 09:08
Cathie Wood’s ARK bolsters Exact Sciences, sheds DraftKings stock

Cathie Wood’s ARK ETFs have made their daily trades for Thursday, 07 August 2025, with significant moves in both buying and selling across the tech and health sectors. Leading the purchases, ARK invested heavily in EXACT SCIENCES CORP (NASDAQ:EXAS), acquiring 1,610,722 shares valued at approximately $75.56 million. This move indicates a strong bullish stance on the diagnostics company by Wood’s funds.

On the sell-side, ARK divested a substantial number of shares in DRAFTKINGS INC (NASDAQ:DKNG), offloading 155,217 shares with a total dollar value of about $7.04 million. This sale follows a trend of ARK reducing its position in the online sports betting company.

ARK also continued to show confidence in AIRBNB INC (NASDAQ:ABNB), adding 179,197 shares across three of its ETFs, amounting to a total investment of roughly $23.39 million. This consistent accumulation suggests ARK sees long-term value in the travel industry giant despite any short-term market fluctuations.

GUARDANT HEALTH INC (NASDAQ:GH) faced a significant sell-off, with ARK parting with 1,419,766 shares for a total of approximately $63.31 million. This trade marks a notable exit from the precision oncology company.

Other notable trades included buying 62,460 shares of CRISPR THERAPEUTICS AG (NASDAQ:CRSP) for about $3.52 million, indicating an ongoing interest in the gene-editing company’s potential. ARK also sold 38,880 shares of PALANTIR TECHNOLOGIES INC (NYSE:PLTR) for roughly $6.98 million, continuing a pattern of reducing its stake in the data analytics firm.

Smaller but still significant trades included purchases of shares in COMPASS PATHWAYS PLC (NASDAQ:CMPS), IBOTTA INC (private:IBTA), KASPI.KZ AO (LSE:KSPI), PERSONALIS INC (NASDAQ:PSNL), SYMBOTIC INC (NASDAQ:SYM), and TOAST INC (NYSE:TOST). Meanwhile, sales included positions in ROBINHOOD MARKETS INC (NASDAQ:HOOD), IONIS PHARMACEUTICALS INC (NASDAQ:IONS), KRATOS DEFENSE AND SECURITY SOLUTIONS INC (NASDAQ:KTOS), 908 DEVICES INC (NASDAQ:MASS), and ROBLOX CORP (PRE-REINCORPORATION) (NYSE:RBLX).

Investors monitoring ARK’s daily trades might note the ETF’s strategic adjustments in the face of changing market dynamics, with a particular focus on innovative companies poised for growth in disruptive sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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