Cathie Wood's Ark Invest Sells Over $25M Worth Of Tesla Shares Amid Boost In Price
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold over $25 million worth of Tesla Inc shares on October 4, 2023. The shares were sold through ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Next Generation Internet ETF. This move is a significant shift from Ark's previous bullish stance on Tesla. Additionally, Ark Invest made other key trades, including the purchase of shares in Pacific Biosciences of California, CRISPR Therapeutics AG, and Ginkgo Bioworks Holdings Inc, and the sale of Nvidia Corporation shares.
October 05, 2023 | 1:54 am
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NEGATIVE IMPACT
Ark Invest sold shares of Nvidia Corporation through ARK Genomic Revolution ETF.
The sale of Nvidia Corporation shares by Ark Invest could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold over $25 million worth of Tesla shares, indicating a shift from its previous bullish stance.
The sale of a significant amount of Tesla shares by Ark Invest, a previously bullish investor, could potentially lead to a decrease in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ark Invest sold Tesla shares and bought shares of Pacific Biosciences of California, CRISPR Therapeutics AG, and Ginkgo Bioworks Holdings Inc through ARK Innovation ETF.
The sale of Tesla shares and the purchase of other stocks through ARK Innovation ETF could lead to a change in the ETF's performance, but the overall impact is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Ark Invest sold Tesla shares through ARK Autonomous Technology & Robotics ETF.
The sale of Tesla shares through ARK Autonomous Technology & Robotics ETF could lead to a change in the ETF's performance, but the overall impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ark Invest sold Tesla shares through ARK Next Generation Internet ETF.
The sale of Tesla shares through ARK Next Generation Internet ETF could lead to a change in the ETF's performance, but the overall impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased shares of CRISPR Therapeutics AG through ARK Innovation ETF.
The purchase of CRISPR Therapeutics AG shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased shares of Ginkgo Bioworks Holdings Inc through ARK Innovation ETF.
The purchase of Ginkgo Bioworks Holdings Inc shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased shares of Pacific Biosciences of California through ARK Innovation ETF.
The purchase of Pacific Biosciences of California shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70