Cathie Wood Buys Roblox, Palantir Dips — Ark Invest Seizes Buying Opportunities Following Earnings Reports
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, purchased shares of Roblox Corp (RBLX) following its recent quarterly earnings report. The purchase was made through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Despite a 22% YoY growth in Q2 FY23 Bookings, Roblox's revenue missed the consensus by over $100 million. Ark Invest also bought shares of Palantir Technologies (PLTR) and sold shares of NVIDIA Corp (NVDA) and ROKU Inc (ROKU).
August 10, 2023 | 3:11 am
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NEGATIVE IMPACT
Ark Invest's sale of NVIDIA shares could potentially lower the stock's price in the short term.
Ark Invest's sale of NVIDIA shares indicates a potential lack of confidence in the company's short-term performance, which could influence other investors and lower the stock's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest's sale of ROKU shares could potentially lower the stock's price in the short term.
Ark Invest's sale of ROKU shares indicates a potential lack of confidence in the company's short-term performance, which could influence other investors and lower the stock's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest's purchase of Palantir shares could potentially boost the stock's price in the short term.
Ark Invest's purchase of Palantir shares indicates a strong belief in the company's potential, which could influence other investors and boost the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's purchase of Roblox shares could potentially boost the stock's price in the short term.
Ark Invest's purchase of Roblox shares indicates a strong belief in the company's potential, which could influence other investors and boost the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100