Ark Invest continues rebalancing, offloads $6.4 million worth of Coinbase shares

Cathie Wood’s Ark Invest offloaded another 25,662 Coinbase shares on Thursday — worth $6.4 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest sales come as investment bank and financial services firm Oppenheimer raised its price target for COIN to $276 while reiterating its buy rating.