Cathie Wood-Led Ark Invest Sells $1.5M Worth Of Robinhood Shares Amid Muted Bitcoin Market — Also Dumps Zoom Stock Worth $3.3M
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades involving Robinhood Markets Inc (HOOD) and Zoom Video Communications Inc (ZM). The firm sold $1.5M worth of Robinhood shares and $3.3M worth of Zoom shares. Additionally, Ark Invest made trades in Markforged Holding Corp (MKFG), PagerDuty Inc (PD), Arcturus Therapeutics Holdings Inc (ARCT), Teladoc Health Inc (TDOC), and Verve Therapeutics Inc (VERV).
June 13, 2024 | 3:22 am
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NEGATIVE IMPACT
Ark Invest sold 64,706 shares of Robinhood, valued at approximately $1.53 million, amid market fluctuations.
The sale of a significant number of shares by a major investor like Ark Invest could indicate a lack of confidence in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold 229,654 shares of Teladoc Health Inc through ARKW.
The sale of a significant number of shares by a major investor like Ark Invest could indicate a lack of confidence in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold 125,257 shares of Verve Therapeutics Inc through ARKK and 24,866 shares through ARKG.
The sale of a significant number of shares by a major investor like Ark Invest could indicate a lack of confidence in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold 54,165 shares of Zoom, valued at approximately $3.3 million, despite strong first-quarter earnings.
The sale of a significant number of shares by a major investor like Ark Invest, even after strong earnings, could indicate a strategic reallocation or concerns about future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 39,589 shares of Arcturus Therapeutics Holdings Inc through ARKG.
The purchase of shares by Ark Invest suggests confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought 21,260 shares of Markforged Holding Corp through ARKQ and 8,776 shares through ARKX.
The purchase of shares by Ark Invest suggests confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest bought 15,383 shares of PagerDuty Inc through ARKK.
The purchase of shares by Ark Invest suggests confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60