Cathie Wood Goes Shopping For Stock of Jack Dorsey's Block — Ark Invest Bolsters Portfolio With Archer Aviation, CRISPR Shares
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant purchases of shares in Block Inc, Archer Aviation, and CRISPR Therapeutics on Monday. The fund also bolstered its positions in Pacific Biosciences of California, Ginkgo Bioworks Holdings, and Markforged Holding Corp. The purchases were made through various Ark ETFs, including ARK Innovation ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, and ARK Genomic Revolution ETF.
October 10, 2023 | 2:45 am
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POSITIVE IMPACT
Ark Invest purchased 163,809 shares of Archer Aviation, indicating a bullish stance on the company's urban air mobility technology.
The purchase of Archer Aviation shares by Ark Invest suggests a positive outlook for the company, which could boost the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased 113,772 shares of CRISPR Therapeutics, aligning with the fund's focus on innovative companies.
The purchase of CRISPR Therapeutics shares by Ark Invest indicates a positive outlook for the company, which could positively impact the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ark Invest purchased 18,574 shares of Block Inc, showing confidence in the company's prospects despite recent challenges.
The purchase of Block Inc shares by Ark Invest indicates a strong belief in the company's potential, which could positively impact the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100