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Cathie Wood's Ark Invest Sells Coinbase (COIN) Stock Amid Insiders Sales Red Flag

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Cathie Wood’s Ark Invest sold 3769 shares worth $1.08 million from its portfolio on Monday .

The recent sell-off comes as the Coinbase stock shows signs of bounceback while gaining 11.2% on the weekly chart.

On Monday , the COIN share price gained 6.32% ending the trading session at $ 287 .

The asset manager remains optimistic about the U.S. economy eyeing major regulatory transformation.