Cathie Wood Continues To Sell Tesla Shares Amid Q2 Deliveries-Induced Strength: Here's How Much Shares Ark Offloaded Monday
Portfolio Pulse from Shanthi Rexaline
Ark Invest, led by Cathie Wood, sold 29,297 shares of Tesla (TSLA) through its Ark Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW), valued at $8.20 million. Despite this, Ark remains a net buyer of Tesla stock this year. Other trades by Ark include buying shares of PagerDuty (PD), Crispr Therapeutics (CRSP), Verve Therapeutics (VERV), Materialise NV (MTLS), and Quantum-Si (QSI).
July 04, 2023 | 2:27 am
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NEUTRAL IMPACT
Ark Innovation ETF sold Tesla shares and bought shares of other companies.
The ETF's actions suggest a diversification strategy, which could impact its performance depending on the success of the bought stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ark Next Generation Internet ETF sold Tesla shares.
The sale of Tesla shares could impact the ETF's performance, depending on Tesla's future stock performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ark Invest sold a significant amount of Tesla shares, but remains a net buyer this year.
While the sale of shares could indicate a lack of confidence in the short term, Ark Invest's overall net buying position suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought shares of Crispr Therapeutics.
The purchase of shares indicates a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought shares of Materialise NV.
The purchase of shares indicates a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought shares of PagerDuty.
The purchase of shares indicates a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought shares of Quantum-Si.
The purchase of shares indicates a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought shares of Verve Therapeutics.
The purchase of shares indicates a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60