Cathie Wood Trimmed This Big Tech Stock Holding But Bulked Up On SaaS Provider PagerDuty And Ginkgo Bioworks
Portfolio Pulse from Shanthi Rexaline
Ark Invest bought 498,487 shares of PagerDuty (PD) worth $11.47 million and 941,017 shares of Ginkgo Bioworks (DNA) valued at $1.52 million. Meanwhile, Ark sold 3,684 shares of Microsoft (MSFT) for about $1.24 million.
June 03, 2023 | 2:46 pm
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NEGATIVE IMPACT
Ark Invest sold 3,684 shares of Microsoft (MSFT) for about $1.24 million.
Ark Invest's sale of Microsoft shares may indicate a lack of confidence in the company's short-term growth potential. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 941,017 shares of Ginkgo Bioworks (DNA) valued at $1.52 million.
Ark Invest's purchase of Ginkgo Bioworks shares indicates their belief in the company's growth potential. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 498,487 shares of PagerDuty (PD) worth $11.47 million after the company's shares plunged 17.12% due to lowered revenue outlook.
Ark Invest's purchase of PagerDuty shares after the stock plunged 17.12% due to lowered revenue outlook indicates their confidence in the company's potential for recovery. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100