Cathie Wood's Ark Invest Sells $9.8M Worth Of Tesla Shares — Second Day Of Selling EV Giant In A Row
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, has sold nearly $10M worth of Tesla Inc shares for the second consecutive day. The shares were sold through the ARK Innovation ETF fund. On the previous day, Ark Invest sold over $8M worth of Tesla shares. Ark Invest also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.
October 12, 2023 | 2:38 am
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NEGATIVE IMPACT
Ark Invest has sold a significant amount of DraftKings shares.
The sale of a large amount of shares by a major investor like Ark Invest could potentially lead to a decrease in DraftKings' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest has sold a significant amount of Tesla shares for two consecutive days.
The sale of a large amount of shares by a major investor like Ark Invest could potentially lead to a decrease in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest has purchased a significant amount of CRISPR Therapeutics shares.
The purchase of a large amount of shares by a major investor like Ark Invest could potentially lead to an increase in CRISPR Therapeutics' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest has purchased a significant amount of Intellia Therapeutics shares.
The purchase of a large amount of shares by a major investor like Ark Invest could potentially lead to an increase in Intellia Therapeutics' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest has purchased a significant amount of PagerDuty shares.
The purchase of a large amount of shares by a major investor like Ark Invest could potentially lead to an increase in PagerDuty's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80