Cathie Wood Buys $9.3M of Rocket Lab Stock, Sells $7.7M of Amazon
ARK Invest bought about 168,600 Rocket Lab shares on Thursday, worth $9.3 million, and sold 30,000 Amazon shares valued at $7.7 million. Rocket Lab's stock has fallen 21% year to date. Its backlog stood at $2.36 billion at the end of June, up 137% year over year. Second-quarter free cash flow was negative $110 million.