Cathie Wood's Ark Invest Continues Tesla Selling Spree Despite Stock's Rise, AI Potential
Portfolio Pulse from Benzinga Newsbot
Ark Invest, led by Cathie Wood, sold 20,874 shares of Tesla Inc (TSLA) through its Ark Autonomous Technology & Robotics ETF (ARKQ), despite Tesla's stock showing an upward trend. Ark Invest also bought shares of Ginkgo Bioworks Holdings Inc (DNA) and Cameco Corp (CCJ), and sold shares of Codexis Inc (CDXS). Despite the sale, Ark Invest remains bullish on Tesla’s long-term prospects, particularly in AI.
July 13, 2023 | 2:24 am
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NEGATIVE IMPACT
Ark Invest sold shares of Codexis Inc.
The sale of Codexis Inc shares by Ark Invest could potentially lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold Tesla shares despite the stock's upward trend.
The sale of Tesla shares by a major investor like Ark Invest could potentially lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought shares of Cameco Corp.
The purchase of Cameco Corp shares by Ark Invest could potentially lead to a short-term positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought shares of Ginkgo Bioworks Holdings Inc.
The purchase of Ginkgo Bioworks shares by Ark Invest could potentially lead to a short-term positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80