Cathie Wood Continues To Trim Its Tesla Holdings Amid Stock Rally — Ark Invest Sells $20.56M Worth Of Shares
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, continues to sell Tesla shares, with the latest sale amounting to nearly $20.56 million. This comes despite Tesla's recent 9% rally and discussions about its potential in autonomous driving technology. The sale was made through Ark Innovation ETF. Ark Invest also made significant trades in Teladoc, Roblox, DraftKings, and Ginkgo Bioworks.
September 20, 2023 | 3:56 am
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NEGATIVE IMPACT
Ark Invest sold a significant number of DraftKings shares through Ark Innovation ETF.
The sale of DraftKings shares by Ark Invest could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest continues to sell Tesla shares despite the company's recent rally and potential in autonomous driving technology.
The continued sale of Tesla shares by Ark Invest could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ark Innovation ETF has been used by Ark Invest to sell Tesla shares and make significant trades in other companies.
The trading activities of Ark Invest through Ark Innovation ETF could influence the ETF's performance, but the direction is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought a massive number of Ginkgo Bioworks shares through Ark Innovation ETF.
The purchase of Ginkgo Bioworks shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest acquired a notable number of Roblox shares through Ark Innovation ETF.
The purchase of Roblox shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased a substantial number of Teladoc shares through ARK Genomic Revolution ETF.
The purchase of Teladoc shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70