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Cathie Wood's ARK sells Iridium Communications stock, buys Deere & Co

Investing.com•Friday, October 31, 2025 at 12:06:51 AM
NeutralFinancial Markets
Cathie Wood's ARK sells Iridium Communications stock, buys Deere & Co
Cathie Wood's ARK Investment Management has made a notable shift in its portfolio by selling its shares in Iridium Communications and purchasing stock in Deere & Co. This move reflects ARK's strategy to adapt to changing market conditions and invest in companies that align with its long-term vision. The decision to divest from Iridium, a satellite communications provider, while acquiring shares in Deere, a leader in agricultural machinery, highlights a focus on sectors that may offer better growth potential.
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