Why Skillz Stock Is Flying Higher Today

·2 min read
Why Skillz Stock Is Flying Higher Today

Shares of Skillz (NYSE: SKLZ) stock, which had been pummeled in the tech stock sell-off over the past few weeks, is swinging higher in afternoon trading, up 15.4% as of 12:25 p.m. EDT. The famed tech investor, who had been an aggressive buyer of Skillz stock last month and in early May, as well, appears to have been taking advantage of the sell-off to scoop up even more cheap shares of the San Francisco-based mobile-games platform this week. According to the ARK funds website, which gives rolling updates of Ms. Woods' buys and sells, over the past two days, the ARK Innovation Index (NYSEMKT: ARKK) bought more than 1.4 million shares of Skillz after playing possum for five days.

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