Cathie Wood Buys $3.4M Worth Of Shares In This Payments Software Firm — Also Increases Exposure To Iridium Stock
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made several trades including a significant purchase of shares in AvidXchange Holdings Inc (AVDX) and an increase in exposure to Iridium Communications Inc (IRDM). Other trades included buying shares of Pinterest Inc (PINS) and selling shares of Iovance Biotherapeutics Inc (IOVA) and Intuitive Surgical Inc (ISRG).
August 04, 2023 | 10:38 am
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NEGATIVE IMPACT
ARK Genomic Revolution ETF sold 100 shares of Iovance Biotherapeutics Inc. This could potentially decrease the stock's price.
The sale of IOVA shares by ARK Genomic Revolution ETF could lead to a decrease in the stock's price due to decreased demand.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 40
NEGATIVE IMPACT
Cathie Wood sold 14,339 shares of Intuitive Surgical Inc through ARKQ. This could potentially decrease the stock's price.
The sale of ISRG shares by Cathie Wood could lead to a decrease in the stock's price due to decreased demand.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Invest purchased 274,416 shares of AvidXchange, valued at $3.4 million. This could potentially increase the stock's price.
The significant purchase of AVDX shares by Ark Invest could lead to an increase in the stock's price due to increased demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cathie Wood bought 19,963 shares of Iridium Communications Inc through ARK Autonomous Technology & Robotics ETF. This could potentially increase the stock's price.
The purchase of IRDM shares by Cathie Wood could lead to an increase in the stock's price due to increased demand.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 3,988 shares of Pinterest Inc through the Fintech Innovation ETF. This could potentially increase the stock's price.
The purchase of PINS shares by Ark Invest could lead to an increase in the stock's price due to increased demand.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60