Cathie Wood's Palantir Buy: What Cramer Doesn't Understand

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Cathie Wood said that Ark bought a combined 2.65 million shares of Palantir  (PLTR) - Get Report.

Wood’s purchases included about two million shares for her flagship ETF, ARK Innovation, and about 650,000 in her ARK Next Generation Internet ETF.

Looking at the closing price of Palantir on Wednesday, Ark's purchases are valued at around $62.5 million. And this comes after she disclosed, last month, that the exchange-traded funds bought more than six million shares of the company for Ark Innovation and Ark Next Generation Internet. 

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