Cathie Wood's Ark Invest Sells $1.9M in Grayscale Bitcoin Fund, Sheds Coinbase Holdings And Shops For $1.8M Worth Of Robinhood Stock
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades on Tuesday, purchasing shares in Robinhood Markets Inc (HOOD) and selling positions in Coinbase Global Inc (COIN) and Grayscale Bitcoin Trust (GBTC). The firm also sold shares of UiPath Inc (PATH) and Exact Sciences Corp (EXAS), and bought shares of Roku Inc (ROKU). These trades were made through ARK Next Generation Internet ETF (ARKW), ARK Genomic Revolution ETF (ARKG), and ARK Innovation ETF (ARKK).
October 25, 2023 | 3:54 am
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POSITIVE IMPACT
Ark Invest purchased 197,285 shares of Robinhood, valued at $1.8 million.
The purchase of Robinhood shares by Ark Invest could potentially increase demand for the stock, leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ark Invest bought 40,680 shares of Roku Inc.
The purchase of Roku shares by Ark Invest could potentially increase demand for the stock, leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold Coinbase shares worth $1.73 million.
The sale of Coinbase shares by Ark Invest could potentially increase supply of the stock, leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold 46,921 shares of Exact Sciences Corp.
The sale of Exact Sciences shares by Ark Invest could potentially increase supply of the stock, leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $1.9 million worth of shares in Grayscale Bitcoin Trust.
The sale of Grayscale Bitcoin Trust shares by Ark Invest could potentially increase supply of the stock, leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold 70,719 shares of UiPath Inc.
The sale of UiPath shares by Ark Invest could potentially increase supply of the stock, leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100