Cathie Wood Is Selling This Innovative Growth Stock. Should You?

By Parkev Tatevosian, CFA – Dec 6, 2023 at 6:15AM

NYSE: SHOP

Shopify

Market Cap

$92B

Today's Change

(1.11%) $0.78

Current Price

$71.33

Price as of April 26, 2024, 4:00 p.m. ET

Cathie Wood is not shy about selling stocks for short-term gains.

Fool.com contributor Parkev Tatevosian highlights one growth stock that Cathie Wood is unloading from her investment portfolio.

*Stock prices used were the afternoon prices of Dec. 3, 2023. The video was published on Dec. 5, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.