Cathie Wood Just Dumped $150 Million of Coinbase (COIN) Stock

Coinbase (NASDAQ:COIN) stock is moving on Monday as investors react to Ark Invest CEO Cathie Wood dumping $149.85 million worth of the crypto exchange company’s stock.This saw Ark Invest sell more than 580,000 shares of COIN stock last week. That came about as a reaction to COIN shares increasing in value alongside the latest crypto boom.Part of Ark Invest’s guidelines include not having a single stock make up more than 10% of its value. Considering the increase in price of COIN stock recently, a selloff wa ...