Cathie Wood Adds Reddit, Intellia, PagerDuty in Fresh ARK Buys

On May 28, Cathie Wood’s ARK Invest purchased stakes in Reddit (RDDT), Intellia Therapeutics (NTLA) and PagerDuty (PD), extending its active trading streak. The moves follow the prior day’s $6.6 million Amazon (AMZN.OQ) purchase via ARKK plus additions to Tempus AI and Cerebras. Wood’s selective buying targets names with company-specific catalysts: Reddit’s 37% user growth, Intellia’s positive CRISPR data, and PagerDuty’s raised guidance. These trades underscore ARK’s continued focus on AI-related and high-conviction growth equities amid shifting market sentiment.