Cathie Wood's Ark Invest Sells More Tesla Stock — Acquires Shares Of Flying Taxi Company
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, has sold nearly $440,000 worth of Tesla Inc (TSLA) shares, despite recent bullish projections for the company. The firm also purchased $4.1 million worth of shares of Archer Aviation Inc (ACHR). Other trades include purchases of shares in Ginkgo Bioworks Holdings Inc (DNA), Intellia Therapeutics Inc (NTLA), Beam Therapeutics Inc (BEAM), and Adaptive Biotechnologies (ADPT).
August 16, 2023 | 2:22 am
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NEGATIVE IMPACT
Ark Invest sold Tesla shares despite bullish projections.
The sale of Tesla shares by Ark Invest could potentially lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased shares of Archer Aviation.
The purchase of Archer Aviation shares by Ark Invest could potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased shares of Adaptive Biotechnologies.
The purchase of Adaptive Biotechnologies shares by Ark Invest could potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased shares of Beam Therapeutics.
The purchase of Beam Therapeutics shares by Ark Invest could potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased shares of Ginkgo Bioworks.
The purchase of Ginkgo Bioworks shares by Ark Invest could potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased shares of Intellia Therapeutics.
The purchase of Intellia Therapeutics shares by Ark Invest could potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50