Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound — Swoops Into Buy Stock Of This Netflix Rival
Portfolio Pulse from Benzinga Neuro
Cathie Wood-led Ark Invest made significant trades on June 25, 2024, involving NVIDIA Corp (NVDA) and Roku Inc (ROKU). ARKQ sold $4.3M worth of NVIDIA shares, while ARKK and ARKW bought $5.3M worth of Roku shares. Other trades included sales of Ginkgo Bioworks (DNA) and Zoom (ZM), and purchases of Arcturus Therapeutics (ARCT), 10X Genomics (TXG), PagerDuty (PD), Blade Air Mobility (BLDE), and Markforged (MKFG).
June 26, 2024 | 2:27 am
News sentiment analysis
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NEGATIVE IMPACT
ARKG sold a significant number of Ginkgo Bioworks shares, indicating a bearish outlook.
The sale of Ginkgo Bioworks shares by ARKG suggests a lack of confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
ARKQ sold $4.3M worth of NVIDIA shares amid a 6.8% rebound. Despite a recent $550B market cap loss, NVIDIA's fundamentals remain strong.
The sale of NVIDIA shares by ARKQ suggests a bearish short-term outlook despite the recent rebound. The significant market cap loss and concerns about its influence on the S&P 500 add to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ARKK sold shares in Zoom Video Communications, indicating a bearish outlook.
The sale of Zoom shares by ARKK suggests a lack of confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ARKG bought shares in Arcturus Therapeutics, indicating a bullish outlook.
The purchase of Arcturus Therapeutics shares by ARKG suggests confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ARKQ bought shares in Blade Air Mobility, indicating a bullish outlook.
The purchase of Blade Air Mobility shares by ARKQ suggests confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ARKQ bought shares in Markforged, indicating a bullish outlook.
The purchase of Markforged shares by ARKQ suggests confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ARKK bought shares in PagerDuty, indicating a bullish outlook.
The purchase of PagerDuty shares by ARKK suggests confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ARKK and ARKW bought $5.3M worth of Roku shares amid market volatility. Roku's new advertising technology, Roku Exchange, boosts investor confidence.
The purchase of Roku shares by ARKK and ARKW indicates a bullish outlook. The introduction of Roku Exchange is seen as a significant advancement, enhancing revenue potential and investor confidence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
ARKG bought shares in 10X Genomics, indicating a bullish outlook.
The purchase of 10X Genomics shares by ARKG suggests confidence in the company's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50