Palantir Dip After Q2 Print Doesn't Deter Cathie Wood As Ark Invest Buys $14M In Shares
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, purchased nearly $14 million worth of shares in Palantir Technologies Inc (NYSE:PLTR) following the company's Q2 earnings report. The purchase was made through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest also bought shares of Pacific Biosciences Of California (NASDAQ:PACB) and sold shares of DraftKings Inc (NASDAQ:DKNG) and Roku Inc (NASDAQ:ROKU).

August 09, 2023 | 3:03 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The purchase of Palantir shares through ARKF could potentially impact the ETF's performance.
The addition of Palantir shares to ARKF's portfolio could potentially influence the ETF's performance, depending on Palantir's future stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The purchase of Palantir shares through ARKK could potentially impact the ETF's performance.
The addition of Palantir shares to ARKK's portfolio could potentially influence the ETF's performance, depending on Palantir's future stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The purchase of Palantir shares through ARKW could potentially impact the ETF's performance.
The addition of Palantir shares to ARKW's portfolio could potentially influence the ETF's performance, depending on Palantir's future stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's purchase of Pacific Biosciences shares could potentially drive up the stock price.
The purchase by Ark Invest could signal confidence in Pacific Biosciences, potentially attracting more investors and driving up the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's purchase of Palantir shares could boost investor confidence and potentially drive up the stock price.
The significant purchase by a well-known investment firm like Ark Invest could signal strong belief in Palantir's future performance, potentially attracting more investors and driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest's sale of DraftKings shares could potentially drive down the stock price.
The sale by Ark Invest could signal a lack of confidence in DraftKings, potentially deterring investors and driving down the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Ark Invest's sale of Roku shares could potentially drive down the stock price.
The sale by Ark Invest could signal a lack of confidence in Roku, potentially deterring investors and driving down the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60