DocuSign stock jumped nearly 6% in morning trading as Cathie Wood's ARK exchange-traded funds bought $107.2 million shares of DocuSign on Friday.
Cathie Wood's ARK snapped up DocuSign amid 42% nosedive.
Cathie Wood's ARK exchange-traded funds snapped up shares of DocuSign during the 42% nosedive for the online-signature company, according to the firm's disclosures. Led by the ARK Innovation ETF(ARKK), the funds bought $107.2 million shares of DocuSign, while the Innovation ETF sold $124.7 million worth of Tesla shares on Friday.