Cathie Wood Buys Shares Of Pacific Biosciences, Reduces Exposure To DraftKings And Genius Sports
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades on August 7, 2023. The most notable was the acquisition of shares in Pacific Biosciences of California (PACB) following its impressive Q2 financial results. Ark also reduced its exposure to DraftKings (DKNG) and Genius Sports (GENI), despite DraftKings' strong Q2 results. Other trades included buying shares of Recursion Pharmaceuticals (RXRX), Accolade Inc (ACCD), and Quantum (QSI), and selling shares of Ionis Pharmaceuticals (IONS) and 10x Genomics (TXG).
August 08, 2023 | 2:00 am
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NEGATIVE IMPACT
Ark Invest reduced its exposure to DKNG despite its strong Q2 results.
The sale of DKNG shares by Ark Invest despite its strong Q2 results may indicate a cautious outlook for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest reduced its exposure to GENI.
The sale of GENI shares by Ark Invest indicates a cautious outlook for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold shares of IONS.
The sale of IONS shares by Ark Invest indicates a cautious outlook for the company.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ark Invest sold shares of TXG.
The sale of TXG shares by Ark Invest indicates a cautious outlook for the company.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest acquired shares of ACCD.
The acquisition of ACCD shares by Ark Invest indicates a positive outlook for the company.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest acquired a significant number of PACB shares following its impressive Q2 results.
The acquisition of PACB shares by Ark Invest following its strong Q2 results indicates a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest acquired shares of QSI.
The acquisition of QSI shares by Ark Invest indicates a positive outlook for the company.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest acquired shares of RXRX.
The acquisition of RXRX shares by Ark Invest indicates a positive outlook for the company.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60