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This Satellite-Communications Stock In Cathie Wood Portfolio Has Given Better 5-Year Returns Than Apple, Netflix, Amazon

Iridium Communications Inc’s (NASDAQ: IRDM) sharp subscriber growth over the past four years has caught the popular money manager Cathie Wood’s attention and despite the satellite communications provider’s recent annual loss, the stock has fetched handsome returns over the years.

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Alibaba, Palantir, Google, JD, Lockheed Martin, Genius Sports — Stocks Cathie Wood’s Ark Bought Or Sold On Monday

Cathie Wood-led Ark Investment Management on Monday shed about 16,621 shares — estimated to be worth about $2.68 million — in Alibaba Group Holding (NYSE: BABA), nearly decimating all of its exposure held in on of its three exchange traded funds. 

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