Cathie Wood Sells Over $13M Worth Of Tesla Shares, Continues Buying Meta Platforms Stock
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold 45,184 shares of Tesla Inc (TSLA) worth approximately $13.12 million, while buying 4,184 shares of Meta Platforms Inc (META) worth nearly $1.3 million. The trades were made through the Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). Other trades included the purchase of shares in Twilio Inc (TWLO), SoFi Technologies Inc (SOFI), and Robinhood Markets Inc (HOOD) through the Ark Fintech Innovation ETF (ARKF), and the sale of shares in Coinbase Global Inc (COIN).
July 18, 2023 | 5:46 am
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NEGATIVE IMPACT
Ark Invest sold a significant number of Coinbase Global shares.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in Coinbase Global's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a significant number of Tesla shares.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The Ark Innovation ETF was used for the trades.
The trades could potentially impact the ETF's performance, but it's unclear whether the impact would be positive or negative.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
The ARK Next Generation Internet ETF was used for the trades.
The trades could potentially impact the ETF's performance, but it's unclear whether the impact would be positive or negative.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought a significant number of Robinhood Markets shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in Robinhood Markets' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought a significant number of Meta Platforms shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in Meta Platforms' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought a significant number of SoFi Technologies shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in SoFi Technologies' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought a significant number of Twilio shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in Twilio's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80