🔴 RKLB is trading 4% down today after Cathie Wood's ARK Invest sold over $4M in shares

RKLB is trading at $78.94 (-4.1%) after it was revealed that Cathie Wood's ARK Invest sold a significant stake in the company.

• ARK's daily trade disclosure showed the sale of 50,312 shares on Monday, April 27, worth approximately $4.01 million.
• This is the second time ARK has sold RKLB shares this month, signaling a potential reduction in conviction from the high-profile growth investor.
• The stock's decline is also happening amid broader market weakness, with NASDAQ futures trading down 0.68%.