Cathie Wood's Ark Pours $3.3M More Into This Chipmaker Amid AI Frenzy: Here Are Other Major Monday Trades
Portfolio Pulse from Shanthi Rexaline
Ark Investment Management, led by Cathie Wood, has invested $3.28 million in Taiwan Semiconductor Manufacturing Company Limited (TSM), purchasing 32,896 shares. This comes after TSM reported better-than-expected Q2 sales. Ark also bought shares of PagerDuty, Inc. (PD) and Adaptive Technologies, Inc. (ADPT). Meanwhile, it sold shares of Kratos Defense & Security Solutions, Inc. (KTOS), Surface Oncology, Inc. (SURF), and DraftKings, Inc. (DKNG).
July 11, 2023 | 5:45 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ark Investment's purchase of ADPT shares could positively impact the stock's price.
The purchase by Ark could increase investor confidence in ADPT, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Investment's purchase of PD shares could positively impact the stock's price.
The purchase by Ark could increase investor confidence in PD, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Investment's purchase of TSM shares could boost the stock's price in the short term.
The purchase by a major investment firm like Ark could increase investor confidence in TSM, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Investment's sale of DKNG shares could negatively impact the stock's price.
The sale by Ark could decrease investor confidence in DKNG, potentially driving down the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Investment's sale of KTOS shares could negatively impact the stock's price.
The sale by Ark could decrease investor confidence in KTOS, potentially driving down the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Investment's sale of SURF shares could negatively impact the stock's price.
The sale by Ark could decrease investor confidence in SURF, potentially driving down the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80