Cathie Wood's Cumulative Tesla Stock Sales For Week Hit $117M: Here Are 4 Stocks Ark Added Friday
Portfolio Pulse from Shanthi Rexaline
Cathie Wood's Ark Invest sold $117M worth of Tesla shares this week, while adding stocks like PagerDuty, Twilio, Zoom Video Communications, and Teladoc Health to its portfolio. Tesla's stock has been rallying recently, driven by multiple factors.
June 17, 2023 | 7:00 am
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NEGATIVE IMPACT
Ark Invest sold 86,776 shares of Shopify, valued at $5.62 million.
Ark Invest's sale of Shopify shares indicates a potential profit-taking move, which could lead to a short-term negative impact on the stock price. The investment firm's actions are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $117M worth of Tesla shares this week, as the stock rallied due to multiple catalysts.
Ark Invest's sale of Tesla shares indicates a potential profit-taking move, which could lead to a short-term negative impact on the stock price. The stock has been rallying recently due to multiple catalysts, but the sale might signal a temporary pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 39,1824 shares of PagerDuty, valued at $8.78 million.
Ark Invest's purchase of PagerDuty shares indicates a positive outlook for the stock. This could lead to a short-term positive impact on the stock price, as the investment firm's actions are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 181,093 shares of Teladoc Health, valued at $4.50 million.
Ark Invest's purchase of Teladoc Health shares indicates a positive outlook for the stock. This could lead to a short-term positive impact on the stock price, as the investment firm's actions are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 124,212 shares of Twilio, valued at $8.40 million.
Ark Invest's purchase of Twilio shares indicates a positive outlook for the stock. This could lead to a short-term positive impact on the stock price, as the investment firm's actions are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 53,958 shares of Zoom Video Communications, valued at $3.78 million.
Ark Invest's purchase of Zoom Video Communications shares indicates a positive outlook for the stock. This could lead to a short-term positive impact on the stock price, as the investment firm's actions are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100