Cathie Wood Mops Up $8.1M Worth Of Zoom Stock After Q2 Earnings Beat, Sells Nvidia Shares In Excess Of $1M
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades on Tuesday, purchasing $8.1 million worth of Zoom shares and selling $1.02 million worth of Nvidia shares. The Zoom purchase comes after the company's strong Q2 earnings beat and the introduction of new AI features. The Nvidia sale comes amid various developments affecting the company's stock performance. Ark Invest also made trades involving CRISPR Therapeutics, Adaptive Biotechnologies, Recursion Pharmaceuticals, Intellia Therapeutics, Codexis, and Phenomex.
August 23, 2023 | 1:50 am
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Ark Invest sold $1.02 million worth of Nvidia shares amid various developments affecting the company's stock performance.
The sale of Nvidia shares by Ark Invest could indicate concerns about the company's current developments and their potential impact on the stock's performance. This could potentially drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased $8.1 million worth of Zoom shares following the company's strong Q2 earnings beat.
The purchase of Zoom shares by Ark Invest indicates a strong belief in the company's performance and future prospects, especially following its strong Q2 earnings beat. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100