Cathie Wood's Ark Invest Sells $2.15M Of Tesla Shares Despite Own Bullish Projections
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold $2.15 million worth of Tesla shares through its ARK Innovation ETF (ARKK) fund, despite bullish projections for Tesla. Ark also made several other trades, including purchasing shares of Ginkgo Bioworks Holdings (DNA), Intellia Therapeutics (NTLA), Beam Therapeutics (BEAM), and Adaptive Biotechnologies (ADPT), and selling shares of Schrodinger Inc (SDGR).
August 15, 2023 | 2:18 am
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POSITIVE IMPACT
Ark Invest purchased 22,406 shares of Adaptive Biotechnologies.
The purchase of Adaptive Biotechnologies shares by a major investment fund could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased 10,729 shares of Beam Therapeutics.
The purchase of Beam Therapeutics shares by a major investment fund could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased 850,233 shares of Ginkgo Bioworks Holdings.
The purchase of a large number of Ginkgo Bioworks shares by a major investment fund could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased 1,340 shares of Intellia Therapeutics.
The purchase of Intellia Therapeutics shares by a major investment fund could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold 20,319 shares of Schrodinger Inc.
The sale of a significant amount of Schrodinger Inc shares by a major investment fund could potentially put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold $2.15 million worth of Tesla shares.
The sale of a significant amount of Tesla shares by a major investment fund could potentially put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100