Cathie Wood Sells $14.9M Worth Of This Jim Cramer Pick, Loads Up On $5.7M Worth Of Robinhood Stock
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold $14.9M worth of DraftKings Inc (DKNG) shares and bought $5.7M worth of Robinhood Markets Inc (HOOD) shares. Other trades included the purchase of Block Inc (SQ) and Roblox Corp (RBLX) shares, and the sale of JD.COM Inc (JD), Shopify Inc (SHOP), and 3D Systems Corp (DDD) shares.
September 12, 2023 | 3:24 am
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POSITIVE IMPACT
Ark Invest purchased a significant amount of Robinhood shares, aligning with recent positive financial results from the company.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in the stock price of Robinhood in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased a significant amount of Roblox Corp shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in the stock price of Roblox Corp in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased a significant amount of Block Inc shares.
The purchase of a large number of shares by a major investor like Ark Invest could potentially lead to an increase in the stock price of Block Inc in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a significant amount of 3D Systems Corp shares.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in the stock price of 3D Systems Corp in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a significant amount of DraftKings shares, despite Cathie Wood's recent positive comments on the company.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in the stock price of DraftKings in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold a significant amount of JD.COM Inc shares.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in the stock price of JD.COM Inc in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a significant amount of Shopify Inc shares.
The sale of a large number of shares by a major investor like Ark Invest could potentially lead to a decrease in the stock price of Shopify Inc in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80