Cathie Wood's Ark Invest Sells Tesla Shares Worth $15.9M, Bolsters Positions In Palantir By $14.9M
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold Tesla shares worth $15.94 million and bought Palantir shares worth $14.92 million. The transactions were executed through ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark’s Fintech Innovation ETF. Ark Invest also sold DraftKings shares and bought Ginkgo Bioworks and Teladoc shares.
September 22, 2023 | 3:20 am
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POSITIVE IMPACT
Ark Invest acquired a massive 1,314,961 shares of Ginkgo Bioworks.
The purchase of a significant amount of Ginkgo Bioworks shares by Ark Invest could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased Palantir shares worth $14.92 million. The purchase comes after Palantir's recent AIP Conference showcasing its AI capabilities.
The purchase of a significant amount of Palantir shares by Ark Invest could lead to a short-term positive impact on the stock price. The recent AIP Conference showcasing Palantir's AI capabilities could also boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought a total of 107,765 shares of Teladoc.
The purchase of a significant amount of Teladoc shares by Ark Invest could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a total of 154,861 shares of DraftKings.
The sale of a significant amount of DraftKings shares by Ark Invest could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold Tesla shares worth $15.94 million. Despite the sale, Ark remains bullish on Tesla's future.
The sale of a significant amount of Tesla shares by Ark Invest could lead to a short-term negative impact on the stock price. However, Ark's continued bullish stance on Tesla's future indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100