Cathie Wood's Ark Investment Management has increased its stake in a declining megacap stock. The move occurs alongside a broader market rally that saw the S&P 500 climb 4.5% over five days.
- Ark Invest bought $2.5 million of a tumbling megacap stock
- S&P 500 rallied 4.5% over a five-day window
- Divestments made in two healthcare-related equities
- Limited trading activity observed mid-week
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