Cathie Wood's Ark Invest Keeps On Cutting Tesla Holdings, Sells More Than $8M Worth Of EV Maker's Shares
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold over $8 million worth of Tesla Inc shares, marking the third consecutive session of selling the electric vehicle giant’s stock. The shares were sold through its flagship ARK Innovation ETF. This comes after Ark's consistent acquisition of Tesla shares in the preceding weeks. Ark also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.
October 11, 2023 | 2:33 am
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NEGATIVE IMPACT
Ark Invest sold shares of DraftKings Inc.
The sale of DraftKings shares by Ark Invest could potentially lead to a decrease in DraftKings' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold over $8 million worth of Tesla shares, marking the third consecutive session of selling.
The consistent selling of Tesla shares by Ark Invest 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 through its flagship ARK Innovation ETF.
The sale of Tesla shares through ARKK may not have a significant impact on the ETF's price as it is diversified across multiple assets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased shares of CRISPR Therapeutics AG.
The purchase of CRISPR Therapeutics shares by Ark Invest could potentially lead to an increase in CRISPR's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased shares of Intellia Therapeutics Inc.
The purchase of Intellia Therapeutics shares by Ark Invest could potentially lead to an increase in Intellia's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest purchased shares of PagerDuty Inc.
The purchase of PagerDuty shares by Ark Invest could potentially lead to an increase in PagerDuty's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70