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Cathie Wood's Ark Innovation ETF Sells $5.5 Million in Snowflake (SNOW) Shares After Recent Surge
svmuu.com02/08/2026 12:54
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Cathie Wood's Ark Innovation ETF (ARKK) sold 18,855 shares of cloud software company Snowflake Inc (SNOW) on July 31, valued at approximately $5.5 million. This move comes after Snowflake stock surged nearly 10% over the past five trading days, ahead of its fiscal Q2 earnings report expected on August 26. Wells Fargo recently raised its price target on SNOW to $500, citing its potential as an AI beneficiary.
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