Cathie Wood Continues To Unload DraftKings Shares, Picks Up Robinhood Stock Worth $4.75M
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, has made significant trades, focusing on Robinhood Markets Inc (NASDAQ:HOOD), purchasing 440,081 shares through ARK Innovation ETF (NYSE:ARKK) and Ark Fintech Innovation ETF (NYSE:ARKF), valued at $4.75 million. The firm also continued to sell DraftKing shares, shedding 106,570 shares from ARKK, valued at $3.3 million. Other trades included selling AEROVIRONMENT INC (NASDAQ:AVAV) shares, buying SOMALOGIC INC (NASDAQ:SLGC) shares, acquiring shares of ADYEN NV (NYSE:ADYEN), and selling shares of 3D SYSTEMS CORP (NYSE:DDD).
September 13, 2023 | 2:20 am
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NEGATIVE IMPACT
Ark Invest sold AEROVIRONMENT INC shares.
The selling of AEROVIRONMENT INC shares by Ark Invest could potentially drive the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ark Invest sold shares of 3D SYSTEMS CORP.
The selling of 3D SYSTEMS CORP shares by Ark Invest could potentially drive the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ark Invest continued to sell DraftKing shares, shedding 106,570 shares from ARKK, valued at $3.3 million.
The continued selling of DraftKing shares by Ark Invest could potentially drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest acquired shares of ADYEN NV.
The acquisition of ADYEN NV shares by Ark Invest indicates a belief in the company's future performance, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased 440,081 shares of Robinhood, valued at $4.75 million.
The purchase of Robinhood shares by Ark Invest indicates a strong belief in the company's future performance, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought SOMALOGIC INC shares.
The purchase of SOMALOGIC INC shares by Ark Invest indicates a belief in the company's future performance, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50