Cathie Wood Sells Shopify Shares Worth $9.2M — Ark Goes Shopping This Dutch Payment Company's Stock Instead
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold $9.2 million worth of Shopify Inc (NYSE:SHOP) shares due to recent volatility following its Q2 results. The shares were sold through ARK Next Generation Internet ETF (NYSE:ARKW) and Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest also bought shares of ADYEN NV (OTC:ADYEY), CRISPR THERAPEUTICS AG (NASDAQ:CRSP), ADAPTIVE BIOTECHNOLOGIES (NASDAQ:ADPT), and RECURSION PHARMACEUTICALS (NASDAQ:RXRX), and sold shares of CODEXIS INC (NASDAQ:CDXS) and PHENOMEX INC (NASDAQ:CELL).

August 22, 2023 | 2:27 am
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POSITIVE IMPACT
Ark Invest bought 32165 shares of ADAPTIVE BIOTECHNOLOGIES through ARKG.
The purchase of a significant amount of ADAPTIVE BIOTECHNOLOGIES shares by Ark Invest could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 2889 shares of ADYEN NV through ARKF and 733,462 shares through ARKW.
The purchase of a significant amount of ADYEN NV shares by Ark Invest could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 7017 shares of CRISPR THERAPEUTICS AG through ARK Genomic Revolution ETF (BATS:ARKG).
The purchase of a significant amount of CRISPR THERAPEUTICS AG shares by Ark Invest could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 37638 shares of RECURSION PHARMACEUTICALS through ARKG.
The purchase of a significant amount of RECURSION PHARMACEUTICALS shares by Ark Invest could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold 249538 shares of CODEXIS INC through ARKG.
The sale of a significant amount of CODEXIS INC shares by Ark Invest could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold 249507 shares of PHENOMEX INC through ARKG.
The sale of a significant amount of PHENOMEX INC shares by Ark Invest could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold $9.2 million worth of Shopify shares due to recent volatility following its Q2 results.
The sale of a significant amount of Shopify shares by Ark Invest could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100